There is no doubting the view of the Tysers broking group as the protection-and-indemnity clubs race towards next month’s annual renewal of cover.
A photo of a gold-plated Ferrari 458 Spider features prominently in an update to its P&I market report.
In a year without general increases, Tysers says the clubs have “nothing to report — other than wealth”.
With more than $5bn in free reserves, a supercar — where you get no change from $250,000 — maybe looks affordable.