Shipping companies told to expect not only double-digit rate hikes for both hull and P&I insurance, but tenfold increases in premiums for non-marine corporate cover as well.
Shipping companies can expect not only double-digit rate rises for both hull and protection and indemnity insurance, but tenfold increases in premiums for non-marine corporate cover as well, according to the head of marine at major broker Aon.
In particular, directors’ and officers’ liability insurance was highlighted, where the market is currently described as ‘harder than hard’ on account of the uncertainty caused by the coronavirus pandemic.
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
