Marine insurers outperform P-C market. (Marine Insurance).(Industry Overview)

From: National Underwriter Property & Casualty-Risk &Benefits Management | Date: December 2, 2002| Author: Ha, Michael | Copyright information

Marine insurance has been performing better than the overall property-casualty business in recent years, a leading industry figure contends.

"We turned the corner faster than the industry as a whole, and, of course, we did not share the catastrophic loss of 9/11," said Deirdre Littlefield, outgoing chairman of the American Institute of Marine Underwriters, speaking here at the group's annual meeting.

"While the industrywide combined ratio was 116 percent, AIMU...