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Nov 8th, 2013 Comments: 0

Ro-Pax Ferries Bear Excessive Reinsurance Burden Says Broker

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Insurance broker and Maritime London member Willis believes that ro-pax ferries are bearing an unfair share of costs allocated to passenger ships within the International Group of P&I Clubs’ reinsurance pool.

The broker’s head of global P&I, Ben Abraham, told delegates at the recent Interferry annual conference in Malta that there was a compelling argument to differentiate between pure passenger ships and ro-pax ferries, where most carrying capacity is taken up by freight, because their catastrophe risk is so different.

Ro-Pax Ferries Bear Excessive Reinsurance Burden Says Broker Marine Link

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