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.
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