Marine insurance will feel pain before things get better, IUMI president says
Marine insurance is going through a period of ‘very painful adjustment’ as capital providers review their approach to specialty lines in general, according to the president of the International Union of Marine Insurance. But the industry will come out of the process in better shape than it went in, Richard Turner believes
‘There can be optimism about the future, because the industry that emerges out of the other side of this process should be in better health,’ according to Mr Turner