Richard Turner, IUMI president.
IUMI confronts trade ‘chaos’ as it strives to protect insured clients
London’s marine insurance market is going through one of its toughest periods in recent years, the president of the International Union of Marine Insurance has warned.
The twin pillars of underwriting in the City, Lloyd’s and the company sector, saw the exit of 11 facilities or parts of businesses with marine capacity during 2018, as weak premium rating, market overcapacity 2017 hurricane-related...