Insight and Intelligence on the London & International Insurance Markets 22 Oct 2017
Norwegian Hull Club notifies reinsurers of $105mn Sunsail loss
- 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...
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