Insight and Intelligence on the London & International Insurance Markets 19 Feb 2018

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Frenchmanís Reef hotel threatens $200mn+ property loss

  • David Bull 7 February 2018
  • Property underwriters are facing the possibility of another full-limit loss in the Caribbean as a claim for damage to the Frenchman's Reef beach resort rises into the hundreds of millions of dollars, The Insurance Insider can reveal.

    The Frenchman's Reef & Morning Star Marriott Beach Resort in St Thomas, US Virgin Islands, is operated by global hotel chain Marriott but owned by DiamondRock Hospitality Company.

    The hotel resort sustained significant wind and water-related damage from Hurricane Irma and is not...

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