An underwriter’s head pressed to the ground by a boot illustrated that even if 2014 is set to turn out to be a profitable year for hull insurers, conditions are still far from comfortable.
Some of the most telling messages from the International Union of Marine Insurance (IUMI) conferences come from the ubiquitous PowerPoint presentations.
Mark Edmondson, the marine underwriter of Chubb’s syndicate 1882 at Lloyd’s and who also chairs IUMI’s ocean hull committee, chose the squeezed underwriter image to illustrate that business was still tough, despite being deprived of declaring a 19th year of loss for the hull market.
