Steamship ‘sanguine’ about underwriting loss, says Andrews
- 2024/2025 policy year one of the worst on record for major casualties
- ‘Completely unremarkable’ that big claims see big payouts
- Philippines oil spill likely to have been biggest SSM casualty in the period
While big claims necessitate big payouts, P&I clubs are in the business of providing liability cover, says Steamship Mutual chief executive