A year in which the protection-and-indemnity (P&I) clubs abandoned their addiction to general increases has been hailed as a breakthrough by the Tysers insurance broking group.
“The most exhilarating achievement is breaking a bad habit,” said Tysers P&I chief Martin Hubbard.
The 2017 renewal will be the softest in Hubbard’s working life and “that is a lot of years”, adds the 63-year-old, who has been a P&I underwriter and broker for more than four decades.
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