Insurance

Shipowners poised to cash in on softening hull insurance premiums

First cases of decline in hull and machinery premiums reported in wrestle for market share, says Gallagher

Michael Ingham, executive director of marine at Gallagher, says increased competition among insurers is likely to see premiums dip.
Michael Ingham, executive director of marine at Gallagher, says increased competition among insurers is likely to see premiums dip.Photo: Gallagher
TradeWinds correspondentLondon
Published 31 July 2024, 06:26Updated 2 August 2024, 13:28
GallagherInternational Union of Marine InsuranceDalihurricane