‘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

The prospect of a major incident happening in port close to a population or commercial centre was brought up as a possible disaster scenario that would quickly change perceptions

‘Hanseatic have rearranged security structure with effect from April 1. This was part of integration process with Thomas Miller and aligning the two businesses together,’ says Miller spokesman

The free fall in equity markets in December last year led to the booking of a negative investment return of 1.6% come year end

Mr Martin has spent more than three decades in marine insurance, most recently at Tokio Millennium Re, where for the last seven years he served in the roles of senior marine and energy underwriter and then head of UK underwriting

Hurricane Florence and Typhoons Mangkhut and Jebi were singled out as resulting in major marine claims last year, while Hurricanes Harvey, Irma and Maria made it onto the list of the top 10 marine losses of the last decade