Profitability returns to marine hull line as capacity starts to grow

A report by U.K.-based insurance broker Miller Insurance Services L.L.P. showed that profitability has returned to the marine hull sector as capacity starts to grow, Reinsurance News reported. Lloyd’s had provisionally forecast a 14.3% top line growth for all lines of business, including gross written premiums increasing to £56 billion ($67.48 billion) in 2023 from £48.9 billion in 2022.