Deirdre Littlefield Starr Marine IMCC’13. 2 IMCC 10 TH ANNIVERSARY.
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Transcript of Deirdre Littlefield Starr Marine IMCC’13. 2 IMCC 10 TH ANNIVERSARY.
Deirdre LittlefieldStarr Marine
IMCC’13
2
IMCC
10TH ANNIVERSARY
Marine ProfessionalsCasualty Investigation Consultancy Claims
Support
IMCC 2013 : THANK YOU TO ALL OUR SPONSORS
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World Trade Growth 6%
Seaborne Trade 6 Billion Tons
World Trade
World GDP Growth 4%
2004 2013
Source: IMF, IUMI
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Vessels > 100 GT 22,000
New Deliveries 40M GT
World Fleet
World Fleet 600M GT
2004 2013
Largest Shipbuilder Japan
Vessel Size 9,500 TEU
Weighted Freight Earnings $30,000 USD per day
Source: IMF, IUMI
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Market Share
Europe
Asia
North America
Underwriting Results
Hull
Cargo
Marine Insurance
GWP 15.5 Billion
2004 2013
Source: IMF, IUMI
63%
24.5%
11%
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World Trade Growth 6%
Seaborne Trade 6 Billion Tons
World Trade
World GDP Growth 4%
2004 2013
3.25%
3.3%
9 Billion Tons
Source: IMF, IUMI
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Vessels > 100 GT 22,000
New Deliveries 40M GT
World Fleet
World Fleet 600 Million GT
2004 2013
Largest Shipbuilder Japan
Vessel Size 9,500 TEU
1 Billion GT
30,000
80M GT
China
18,500 TEU
Source: IMF, IUMI
Maersk Triple-E Class
Page 10
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World Fleet
Royal Caribbean Allure
Maersk Triple-E Class
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Vessels > 100 GT 22,000
New Deliveries 40M GT
World Fleet
World Fleet 6 Million GT
2004 2013
Largest Shipbuilder Japan
Vessel Size 9,500 TEU
Weighted Freight Earnings $30,000 USD per day
1 Billion GT
30,000
80M GT
China
18,500 TEU
< $10,000 USD
Source: IMF, IUMI
13
Marine Insurance
GWP 15.5 Billion
2004 2013
Underwriting Results
Hull
Cargo
Europe
GWP 32 Billion
Hull
Cargo
Source: IMF, IUMI
Market Share
Europe
Asia
North America
63%
24.5%
11%
49%
28%
8.3%
6.8%
Asia
Latin America
North America
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Source: Bloomberg
Source: Business Insider
Source: Telegraph
Cargo Exposure: Superstorm Sandy
Can it get worse…?
15 Source: IMF, IUMI
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Thank you.
