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Marine insurance report

UIMI is the International Union of Marine Insurance and currently has 55
national associations as members.

Major casualties at sea continue at a disturbing level, marine insurers are
warning. The number of incidents reported in 2010 followed the negative trend of the previous four years, IUMI reports in its substantial annual statistical exercise covering vessels over 500 gt issued on 23rd April. According to the IUMI communiqué there have been 623 serious losses reported to date for 2010, a similar figure to 2009. This means that 2010 joins the five worst vessel loss years in the last 17.