Insight and Intelligence on the London & International Insurance Markets 24 Jan 2018

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London market to take $350mn El Conquistador loss

  • Catrin Shi 11 January 2018
  • The El Conquistador hotel in Puerto Rico, which suffered extensive damage from Hurricane Maria, is claiming for the full $350mn limit of its property direct and facultative (D&F) policy, The Insurance Insider understands.

    Sources said the cover was written by the London market. The placement was brokered by Aon.

    The hotel is still in the midst of a clean-up operation after the Category 5 hurricane hit Puerto Rico in September.

    In the immediate aftermath of the hurricane the Waldorf Astoria-owned...

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