Insurer dismisses estimates of potential £500m bill
Royal & Sun Alliance (R&SA) is the sole insurer of the historic Royal Marsden Hospital ravaged by a recent blaze that caused tens of millions of pounds of damage.
R&SA said it was too early to discuss the size of the claim for the 2 January blaze.
More than 100 firefighters fought for hours to extinguish the flames that had engulfed the roof of the country’s leading cancer hospital.
A spokesperson said: “We can confirm that R&SA is the property, contents, stock and machinery insurer for the Royal Marsden Hospital. At this stage we have no further details regarding any possible claim.”
Industry sources have rubbished initial reports pegging the cost of damages to be as high as £500m, saying the more realistic figure for the claim will be in the tens of millions.
R&SA is also responsible for providing cover for damaged medical equipment and machinery.
Crawford & Company is the loss adjuster handling the claim.
The cause of the fire is not known.