Strike Club rides crest of claim and premium rises.

(From Lloyds List)

FINANCIAL risks associated with delays, particularly in today's strong shipping markets, is something the Strike Club is only too aware of.

Calculating how long the good times will last is a matter that few people are prepared to take a punt on although economists tend to talk in terms of three-year cycles.

'Obviously when you are in a market like this you have got to be prepared for the fact that when it levels out you won't have the same kind of situation and as a marine insurer we are very well aware of that,' says Nick O'Conor, financial director of the club.

He says the club is also very well aware of the fact that …