Trend | Range | |
---|---|---|
Domestic hull and machinery, good loss records | +7.5% to +10% | |
Domestic hull and machinery, poor loss records | +20% or more | |
London/international hull and machinery, good loss records | +10% to +15% | |
London/international hull and machinery, poor loss records | +20% or more | |
P&I domestic | +10% to +15% | |
P&I London/international | +10% to +15% | |
Domestic primary marine general liability | +5% to +10% | |
Domestic excess marine liability | +5% to +10%, greater with underlying crew and towing exposure | |
London marine liability | +15% or more | |
USL&H mutual | Flat to +5% |
The marine market remains firm, with underwriters still seeking increases on clean business, while mandating cyber and communicable disease exclusions. Marine underwriters are becoming less willing to provide excess coverage over non-marine exposures.
Underwriting in the current environment remains demanding.
P&I London/international
Burdens are increasing on both sides of the negotiating table.
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