At long last rates in the marine hull market are set to rise, according to senior Lloyd's underwriters.
A chief underwriter at one of the leading marine syndicates said that the loss of the Limberg, Diamond Princess and Prestige, which is due to be surveyed by a French submarine this week off the coast of north-west Spain, is starting to stiffen rates.
The underwriter predicted that market rates would rise by 20%-25% in 2003. The last time the marine hull market made a profit was 1996.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
