Insight and Intelligence on the London & International Insurance Markets 15 Dec 2017

To view the full Insurance Insider site click here

Norwegian Hull Club notifies reinsurers of $105mn Sunsail loss

  • Bernard Goyder 10 October 2017
  • The mutual marine insurer Norwegian Hull Club has warned reinsurers of a large loss from Hurricane Irma, The Insurance Insider can reveal.

    Sunsail is a holiday company owned by Travelopia, a portfolio company of private equity firm KKR. It made the claim in the wake of Irma.

    Reinsurers have been given provisional loss advice of $105mn worth of damage.

    Norwegian Hull Club is understood to have a retention in the low single-digit millions.

    Two of Sunsail's yacht fleets were wrecked...

  • 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
  • Login Free trial
  • Login