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Inflation will eat into hull & machinery profits, IUMI told

Class has seen turnaround over last five years and not likely to return to 20-year loss-making run, but rising prices driving up both repair costs and office overheads

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‘The underwriting community has not applied inflationary increases to the premium base and this may lead to a reduction in overall profitability over the coming year or two,’ warns American Hellenic’s Tsakiris

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