Daily Digest: Steamship CEO on underwriting loss, TSR forecasts active hurricane season, Global marine market faces rising risks

Catch up on the essential news and analysis from the Insurance Day experts

Steamship ‘sanguine’ about underwriting loss, CEO says Steamship Mutual remains undismayed by its loss-making underwriting performance for the 2024/2025 policy year, which was largely the result of the volatility inherent in marine insurance, according to the marine mutual's chief executive. Jonathan Andrews contrasted the level of high-value claims in the period, which he described as one of the worst policy years on record, with the two previous years, which were widely characterised as benign.