Industry experts are warning that megayacht owners may be facing insurance costs at “astronomical” levels. The warning sees yachts over Eu250 million (or those 100 metres plus) as the area of particular concern. “The market has shrunk dramatically,” said Paul
Insurer Hiscox released its quarterly figures on November 5 highlighting a “Large marine loss for $13 million.” Hiscox have confirmed that the loss refers to the fire at Lurssen superyacht shipyard in Germany. The fire broke out on September 17
Superyacht insurance companies need to show the value of their offering or risk a race to the bottom on fees according to a panel gathered at this weeks Superyacht Investor London 2016 conference. The insurance offering used to be the
