The costs of dealing with wrecks has generally risen over the past ten years and the costs associated with a small number of notable cases have risen significantly.
Download our wreck report to learn more
"As Lloyd's began life as a marine insurer, it is fitting that in our 325th anniversary year we should publish this report that focuses on a key issue in the marine market today - that of the growing complexity and the rising costs of wreck removal.
This report does not attempt to solve the issue of rising wreck removal costs, but we hope it encourages further discussion and dialogue among the key stakeholders and goes some way in helping to find a solution for the common good and future health of the marine industry."
Tom Bolt
Director, Performance Management, Lloyd's.
