“At some stage or other, and we haven’t seen it yet, the managing agents have to turn round and say that the return for hull is not good enough,” said Tomlin. “They have to either clip the wings of their underwriters, sack their underwriters, get new underwriters who are better or have a different business plan.
“For the market to change, the managing agents of the worst-performing syndicates, not just in hull but in everything, have to say enough’s enough, and put more pressure on their underwriters to return a proper margin.”
Tomlin
