Stormy times

Below, we summarise a new P&I Special Market Report by Benfield Corporate Risk.

Were it for some reason necessary to summarise in a sentence the present climate in the P&I market one might say ‘calm but with storm clouds looming’, according to the latest report from Benfield Corporate Risk. Commenting on the current state of the market and forthcoming renewals, the report characterises the market as ‘calm’ because collectively it has never been in such a financially strong position.