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International London Insurance

Marine insurers' future in doubt unless owners foot rate rise

Lloyd’s marine insurers cannot sustain losses at the current level, according to Dominick Hoare, chief underwriting officer at Munich Re. Owners face a double-digit rate hike to put the market back on its feet.

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‘If we just carry on as if there is no problem, we are going to be extinct,’ says Hoare

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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