A ferry that caught fire and listed in the Philippines on 27 February was insured for
£12m on an excess hull slip led at Lloyd's, sources said.
Witnesses reported a powerful explosion triggered the fire.
More than a hundred of the 899 passengers and crew are still missing following the disaster. Four deaths have been confirmed.
The vessel had liability cover from Steamship Insurance Management Services, claimed a report.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
