Mark Edmondson, hull underwriter at the Chubb insurance group, is calling on fellow marine underwriters to stop obsessing over price and capacity and become more attuned to technical developments in shipping amid a profit drive at the Lloyd’s of London insurance market.
The International Union of Marine Insurance (IUMI) Ocean Hull Committee chairman says a better understanding of the assets that are being insured in the marine market is the way forward as the sector becomes increasingly commoditised.
