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London cargo market continues to harden, whilst the US starts to follow suit. Towards the end of last year, we saw the global cargo market undergo a widespread hardening. Insurers realigned their focus to review each account and rate each risk as though they were presented as ‘new’ and not as a renewal.The Cargo Stock Throughput market remains resilient, as Lloyd’s of London (Lloyd’s) drives rates upwards ensuring a sustainable future for insurers.

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Reinsurance rate increases are expected to continue into the 2020 renewals due to ongoing disruption in the market and inadequate pricing levels, according to Fitch Ratings.

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Alesco helps those with mining operations and investments across the globe to manage risk at all stages of the project lifecycle. We look after a diverse client base offering a broad range of risk and insurance products and services to enable miners to capitalise on commercial opportunity.

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