Inflation will eat into hull and machinery profits, Iumi told
‘The underwriting community has not applied inflationary increases to the premium base and this may lead to a reduction in overall profitability over the coming year or two,’ American Hellenic’s Tsakiris warns
Class has seen a turnaround over past five years and is not likely to return to 20-year loss-making run, but rising prices driving up both repair costs and office overheads