There have been relatively few very high-value casualties in recent years, but there is increasing concern about the cost of routine attritional claims.
“What’s killing the soft hull market is attritional claims," a member of London’s Joint Hull Committee declares. "The aggregation of all of those bumps and scrapes is death by a thousand cuts.”
The impact of the very largest incident on the overall claims payout is often highlighted, but the converse is also an issue.
