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The Lloyd’s List Podcast: IUMI 2019

Listen to the latest edition of Lloyd’s List’s weekly podcast — your weekly briefing on the stories shaping shipping in the week ahead

The annual marine insurance bun-fight that is IUMI may not be everyone’s idea of a party, but there was a palpable undercurrent of optimism rippling through the actuaries and analysts this year. Our crack squad of risky reporters managed to grab a few words with such luminaries as Nick Shaw, chief executive of the International Group of P&I Clubs, Astrid Seltmann of Cefor, and Lars Lange, IUMI’s Hamburg-based secretary-general

THE marine insurance industry staged its annual get-together in Toronto this week, and while the IUMI conference is not what anyone would call an excitable gathering, there was a palpable undercurrent of optimism.

The big news of the week is that global marine premiums in 2018 rose for the second year in succession, growing 1% to hit $28.9bn, and that comes after a 2% gain in 2017.

Perspective is needed here; there is a lot of ground to make up before the sector sees a restoration of the $33.4bn premium tally clocked up five years ago.

But yes, it’s a step in the right direction.

Lloyd’s List sent not one but two journalists to the conference this year, with David Osler there to report and Michelle Bockmann giving a presentation herself before lending Dave a hand.

They have been talking to some of the key IUMI players, including IUMI’s secretary-general Lars Lange, the chief executive of the International Group of P&I Clubs Nick Shaw, and Astrid Seltmann of Cefor and vice-chair of the facts and figures committee.

You can listen to all our podcasts for free on Lloydslist.com, or better still, subscribe to the Lloyd’s List Podcast via iTunes and Spotify, as well as most other podcast providers. And while you’re there make sure you are registered for a free account on Lloydslist.com so you can receive our Daily Briefing email.

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