Three years on from a dramatic withdrawal of capacity from the marine insurance market, the sector is showing signs it is on the road to recovery.
Back in 2018, the industry appeared to be on its knees, with widespread losses and one of its largest claims ever, following a major fire that destroyed a luxury mega-yacht at Lurssen’s Bremen shipyard in Germany
The success of the Decile 10 programme at Lloyd’s of London — in which management urged unprofitable marine syndicates to leave the market — has been...
