Claims — or rather the absence of them — helped keep the marine insurance market afloat over the past year.
"Benign" has become an overworked description of the claims climate over recent years but it remains a factual characterisation for the hull and machinery and protection-and-indemnity sectors.
The Nordic Association of Marine Insurers (Cefor), with one of the best casualty databases in the market, reported last month that claims continued at a modest level through the first half of this year, with only three incidents running to more than £10m ($13m).
