A declaration that the hull market has rung up another loss is a regular feature of the International Union of Marine Insurance (IUMI) conference, but it was conspicuously absent this year in Genoa.
There were 18 consecutive years of loss up to IUMI’s Berlin conference a year ago, when the prospect of a modest profit was heralded.
But the 2014 year appears to have deteriorated while the 2015 year is being squeezed by a number of major claims and lower premium income.
So
