Changes In The Wind For Inland Marine
Somewhat sheltered, if not immune, from the volatility of underwriting cycles, inland marine has remained an oasis of stability in a turbulent and at times super-competitive insurance arena, consistently contributing about 2 percent of the industry's total property-casualty premium base.
But this profitable line, which has consistently outperformed the p-c business as a whole, is changing. This market has begun to shrink as companies seek to extend their share of a mature business and achieve savings through mergers and acquisitions.
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