Lancashire reveals $35m exposure to Costa Concordia
Lancashire Holdings has revealed, based on an industry loss of $850m, its exposure to the January Costa Concordia cruise ship loss is estimated to be approximately $35m net of reinsurance and reinstatement premiums.
The Costa Concordia, which was carrying just under 5000 people, ran aground on Friday 13 January off the coast of Giglio in the Tyrrhenian Sea off the west coast of Italy after hitting a rock. Twenty
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