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Tag "Hiscox"

Will owners of Eu250 million-plus superyachts drop insurance as premiums spiral?

Will owners of Eu250 million-plus superyachts drop insurance as premiums spiral?

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

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Hiscox puts $13 million aside for Lurssen fire

Hiscox puts $13 million aside for Lurssen fire

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

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Owners try to drive down costs of superyacht insurance policies

Owners try to drive down costs of superyacht insurance policies

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

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