The world’s maritime industry is growing in scale in the size of ships and the tonnage they haul, but the London insurance market is finding itself in a battle with the rest of the world to remain the premier underwriter for the sector, an insurance brokers report said.

In its Marine Insurance Market Review for 2006, the Chicago-based insurance brokerage firm Aon said that while the shipping industry is thriving in a strong global economy, marine “insurers are surviving rather than thriving.”

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