On 4th January two superyachts, Barbie and The One, were involved in a fire in Marmaris, Turkey.



According to Elliad Hagiladi of Yacht Marine, the fire started on Lurssen's 74m The One before spreading to the 52m Al Jadaf-built Barbie.  Despite the best efforts of firefighters, both vessels were destroyed.

Now the London-based insurance firm Hiscox MGA has announced that Lloyd’s insurers have paid out $20m to the owner of Barbie. 



Paul Miller, Hiscox’s director of marine underwriting, said Barbie was the largest superyacht claim that the insurance industry had dealt with in a while. He added:

That it was paid in full within 60 days of the event will hopefully help the owner to reach closure from this traumatic incident. It is pleasing that we could resolve this claim so speedily

Mr Miller confirmed that Barbie owner's claim was a clear cut-one. He said:

The boat caught fire, it rolled over, it was a total loss


The insurers of The One may be able to limit their liability, but nothing will be clear until the official investigation is complete.

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