Members of the Nordic Association of Marine Insurers’ (Cefor) have seen another significant year of premium increase in its key hull and machinery and offshore markets.
The Oslo-based association, which represents marine insurers based in Norway, Sweden, Denmark and Finland, has released figures in its annual report showing its members continue to demonstrate strong growth.
This comes at a time when mounting marine losses have forced its rival Lloyd’s of London market to go through a period of retrenchment.
