Swiss Re: Shipowners and brokers are laughing at us

Through 17 years in a row, ship insurance has apparently been a losing business. Peter Townsend, head of shipping at Swiss Re in London, says that the industry has become a joke.

It's not every day you see a leading industry figure ridicule himself as well as his own industry of underwriters, but that's what happened when Peter Townsend, Swiss Re's London head of shipping, spoke at the International Union of Marine Insurance conference in London recently.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading