Insight and Intelligence on the London & International Insurance Markets

22 February 2012

$750mn+ Concordia loss spread around marine market

23 January 2012

Insured losses from the Costa Concordia cruise liner are well spread around the market, full details of the EUR395mn/$500mn hull insurance placement obtained by The Insurance Insider demonstrate.

The cruise liner ran aground and capsized off the Italian island of Giglio on 13 January.

While it is not the lead claims handler, Norwegian marine specialist Gard has the largest gross line of 12.14 percent across the vessel's hull and machinery (H&M) and increased value (IV) placements, equating to $60.8mn.

Gard...

You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.

Purchase


Share: This article was published as part of issue January 2012/4

Insider Publishing Limited - 2nd Floor Asia House, 31-33 Lime Street, London, EC3M 7HT, United Kingdom. The content of this website is copyright of Insider Publishing Limited 2012. All rights reserved Insider Publishing Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π