🚤Saudi superyacht claim to cost market EUR40mn+ .
A superyacht that ran aground in the Red Sea is expected to cost the Lloyd’s marine market EUR40mn ($47.2mn), The Insurance Insider understands.
The Serene, one of the largest superyachts in the world, hit a reef on the Egyptian coast not far from Sharm El Sheikh in late August.
The yacht is insured in Lloyd’s through the lead yacht consortium, which is led by MS Amlin, according to market sources. Following markets include a number of other Lloyd’s syndicates.
The Insurance Insider
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