Insight and Intelligence on the London & International Insurance Markets 23 Apr 2018
London market to take $350mn El Conquistador loss
- 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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