28 APRIL 1939, Page 52

WOIRLD AUXILIARY INSURANCE

Several insurance company chairmen have recently referred to the unsatisfactory conditions prevailing in marine insurance. Captain C. C. Craig, chairman of World Auxiliary Insurance, also reported intense competition in the Hull insurance market in his speech on Tuesday. Marine underwriting, he said, had been brought to an uneconomic level. Nevertheless, Mr. Craig reported that the World Auxiliary had been able partly to remedy the situation, and that outlook for the marine account underwritten in 1938 was more favourable.

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