For quite some time the question on many lips has been just how much more pain are underwriters prepared to take? Falling rates, ever wider terms and conditions, multi-year deals, aggressive "pay to play" facilities... the list goes on. It hasn't been much fun.
Except that the market has weathered the pain. No, I'll go better than that. It really has continued to make hay while the sun has resolutely hidden behind a cloud.
For many classes the...
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