“Hull insurance is underpriced. There’s a generation of people who’ve never seen a hard market. Underwriters need to be braver, have spine and say no."
“Underwriting is a very lonely place when you have bad figures....Sitting around a table with fellow underwriters and they’ve all made a profit and you haven’t — it’s not a great place to be.”
Lloyd’s underwriter, Richard Tomlin, who wears two marine market hats comes up with a solution to avoid being stranded in a bad place.
