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IUMI looks for ‘more positivity’ as marine premiums grow 1%

Marine underwriting premiums grew about 1% to $28.9bn in 2018, representing a single percentage point rise on the previous year, but probably not enough to offset increased technical losses, the International Union of Marine Insurance conference in Toronto heard

‘The hull and cargo markets appear to have bottomed out and we are beginning to see a modest uplift, albeit from a low base,’ said facts and figures committee chair Philip Graham

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