Profitable marine insurance? That’s so last century


Here we reproduce a range of the news to emerge from this year’s International Union of Marine Insurance event in Tokyo. Coverage by David Osler of Lloyd’s List


Those of you getting sick and tired of the extended downturn that has dominated shipping since 2009 should spare a thought for our first cousins in the marine insurance sector. You know, the guys who pick up most of the risk for what you do, right? They have not made money for the past two decades, and sooner or later, their bosses are going to be asking them why not.