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Marine Insurance Has Some Bright Spots, Willis Says

The review found that while the marine market remains predominantly soft, there were double-digit average rate increases seen at the last P&I renewal in February of this year. Willis said it predicts

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While the marine insurance market is weak overall, some parts of it have positive news, according to the Willis insurance brokerage in London.

The firm said that in a few very specific sectors, there are firmer rates being seen, with hardening in the protection and indemnity (P&I) segment, as well as the Scandinavian hull markets.

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