Still too early to assess the extent of liability claims, says reinsurer
Hannover Re has estimated marine hull losses in the region of €30m (£25m) from the wrecked cruise ship Costa Concordia.
The disaster is expected to result in the largest ever marine loss, costing insurers between $500m and $1bn (£326m-£653m), according to analysts.
Hannover Re said it was still too difficult to assess the extent of liability claims.
“The assumption is that a market loss running into triple-digit millions of euros could result,” the company said.
“The total loss for Hannover Re – as a leading marine reinsurer – could therefore be in the mid-double-digit million-euro range.”
The Costa Concordia was carrying 4,229 passengers and crew before running aground on 13 January near the island of Giglio, off the west coast of Italy.
No comments yet