David Bellamy turns 50 next year and has spent his entire career in marine hull insurance. But he admits he has never known a hard market in the proper sense of the word.
The last truly hard hull market slightly pre-dated his arrival at Bergens Skibsassuranseforening, the main forebear of the Norwegian Hull Club.
Bellamy says the most important thing from a buyer's perspective is that there is an insurance market that functions well, whether it is soft or hard.
