Keeping underwriters afloat

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      <subfield code="a">Keeping underwriters afloat</subfield>
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      <subfield code="a">A glance at our casualty records today shows a very different story - hull values in millions and most commonly expressed in dollars and not pounds. Also, there are many more underwriters on risk - sometimes as many as a hundred, and not just in the London market but in many foreign ones also, with proportions expressed in fractions of 1%  Now too, reinsuring underwriters appear, as insurance arrangements become ever more complex. The reinsurer wants confort that the claims he is playing are reasonable, or, alternatively, the ceding company feels that with the Salvage Association involved his claim on his reinsurers will be processed more promptly. Our surveyors' attendance at marine casualties gives insured, insurer and reinsurer a proper basis on which to settle the claim</subfield>
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