Profit in hull may have been a one-off

The key issue of whether the first profitable result for the global hull-insurance market has been sustained is still in the balance as the International Union of Marine Insurance (IUMI) prepares for its annual conference in Genoa, Italy.

A profitable outcome for global hull and machinery underwriters, after 18 years of consecutive loss, was reported if not celebrated at last year’s IUMI conference in Berlin, Germany.

But