What next for Lloyd’s marine insurance?
It has become a cliché of US political commentary, usually attributed to Barack Obama lieutenant Rahm Emanuel, that you should never let a serious crisis go to waste. And marine insurance at Lloyd’s is in serious crisis
While underwriters have been heard to talk tough before, diminished capacity may mean that this time round they can make higher premiums stick. Indeed, a consensus seems to be emerging that they may represent the only way forward
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