$2Bn down - surely things can only get better in marine insurance?

摘要

The Norwegian marine underwriting world has gone through quite an upheaval in recent times. The P&l club Gard and non-life underwriter If... set up a joint management company Gard Services, while the merger of Unitas and Bergen Ship created the Norwegian Hull Club. The markets themselves have been poor, but a glimmer of light has emerged at the end of the tunnel - unless it is the lights of an oncoming train.