Time is running out for underwriters who are unconcerned about the state of the hull market, according to Peter Townsend, head of marine underwriting for AmTrust’s syndicate 1206.
At a recent London hull-market dinner, Townsend warned colleagues that the long-term unprofitability of the hull market could soon be impacting on them personally.
“In 2016, there were more jobs than people on the hull underwriting side," he warned.
