Insight and Intelligence on the London & International Insurance Markets

24 November 2017

Search archive

(Re)insurers waiting on fresh Costa Concordia creep

2 June 2014

The (re)insurers of the Costa Concordia are awaiting loss advice showing a further deterioration on a total claims burden that already stands at more than $1.6bn, after the removal of the wreck was delayed.

Underwriting sources said that they had heard nothing to date from broker Miller, but expected that an increase in the loss was only a matter of time as the cost of salvaging the cruise liner rises.

Last month, one of the 800-tonne tanks being used to...


If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership



Share:

Euromoney Trading Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Euromoney Trading Limited 2017. All rights reserved Euromoney Trading Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π