“If there was a $5m deductible, maybe 0.07% would be viable. If Jonathan Jones gives me the details, I will personally look into it.”

Norwegian Hull Club managing director John Wiik vows to look into underwriter’s claim that some hull policies are being issued at “suicidal” rates.

“If Jonathan Jones doesn’t like it and wants us to throw money at monkeys or appoint third parties, let him do it.