Alpine Eternity loss jumps to $275mn

Marine (re)insurers have been notified that the ground-up loss
from last year's Alpine Eternity collision has risen
to $275mn, The Insurance Insider revealed
last week.
The International Group (IG)'s reinsurance programme looks
set to absorb the bulk of the loss, the payment of which has been
complicated by western sanctions against Iran.
For 2015/16, the reinsurance programme for the group of
protection and indemnity clubs attaches at $80mn.
Britannia Club, which insures the Alpine Eternity, sa