Daily Overview of Global Markets & the SEE Region (Friday, September 21, 2018)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: Risk assets retained a positive tone in early trade on Friday supported by the prevailing market view that the direct impact of the US/China trade dispute on the world economy will likely be limited. In spite of global equity markets’ positive performance, USTs and German Bunds gained some ground today, partially supported by renewed Brexit jitters. In FX markets, the USD extended recent losses amid receding trade war concerns with...

http://www.allaboutshipping.co.uk/2018/09/21/daily-overview-of-global-markets-the-see-region-friday-september-21-2018/

IUMI: Outlook for marine cargo insurance remain challenging

Sean Dalton, the International Union of Marine Insurance (IUMI) Cargo Committee Chair, reported that the marine cargo market is still the largest commercial marine line of business in terms of premium income. However, 2017 was the worst year for natural catastrophe losses in the history of the insurance industry.

IUMI’s 2017 statistics indicated global cargo premiums amounting to US$16.1 billion. Worldwide, the cargo line has been unprofitable for several years with rising loss ratios and...

https://safety4sea.com/iumi-outlook-for-marine-cargo-insurance-remain-challenging/