Insight and Intelligence on the London & International Insurance Markets 18 Mar 2018

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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...

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