Aon is broker for Costa Concordia ship that sunk off the coast of Italy

Collision of Costa Concordia

RSA and XL are two among several insurers facing total costs of about €405m (£335m), according to reports today.

The Costa Concordia was carrying 4,229 passengers and crew before running aground on Friday near the island of Giglio, off the west coast of Italy.

The vessel cost €450m to build. Aon was the broker for the ship, reports Bloomberg. An Aon spokesman refused to comment.

“In terms of physical damage, this will be one of the biggest claims around,” said Eamonn Flanagan, analyst at Shore Capital.

“Quite often with these accidents, the real insurance loss comes if people are injured or killed, which is yet to be determined.”

 

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