Differing views on the state of the hull insurance market were evident at TradeWinds Marine Risk Forum with brokers viewing the market as remaining soft but underwriters suggesting there has been a sea change as a result of recent casualties.
Marcus Baker, marine chief of top broker Marsh, characterised the market as a “little confused” and endorsed the view that massive over supply of underwriting capacity meant sightings of a hardening market were a mirage.
“Are
