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Willis reviews shipowners’ P&I market

From Insurance Daily
Wednesday, 15th December 2010 9:45 am

Willis has reported that investment income in the Protection and Indemnity (P&I) market that provides shipowners with marine legal liability cover bounced back to $680 million in 2009/10, after record losses cost the market $840 million in 2008/09. In its latest P&I Market Review, the firm reports an overall underwriting deficit of only 1% for the [...]

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