In a story published yesterday titled "Wrecked Santa Cruz dive boat insured for only $2mn", this publication said that Continental Underwriters provided paper to MGA Kalm Seas, which wrote a share of the insurance for the sunken vessel.
It also said that Continental Underwriters was a subsidiary of Tokio Marine HCC.
The Insurance Insider would like to apologise, and to clarify that Continental Underwriters did not have any involvement in the insurance arrangements for the Santa Cruz dive boat. In addition, it would like to emphasise that the business is privately held and not a subsidiary of Tokio Marine HCC.
Moreover, The Insurance Insider would like to state that Tokio Marine HCC did not have any involvement in the vessel's insurance arrangements.