What impact has the recession had on your business, and have you made any changes to your business in response to the market?

Atlass: Although we provide a variety of products, including marine hull and liabilities, commercial marine, personal lines, aviation, employers’ liability and commercial property-casualty, most of our $7 million annual revenue is generated by our marine book, including yachts. A lower valuation of risks and a softening in rates has effectively reduced our premium and commission income per risk. It also has increased our work load as we are compelled to remarket renewals in many instances.

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