Inflation will eat into hull & machinery profits, IUMI told
Class has seen turnaround over last five years and not likely to return to 20-year loss-making run, but rising prices driving up both repair costs and office overheads
‘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,’ warns American Hellenic’s Tsakiris