Lurssen fire has 'galvanised' London's hull market

A major fire at Germany’s Lurssen shipyard in September last year, which led to a $700m hull claim, could be the trigger for further rate raises in the Lloyd’s of London marine market, according to a report from broker Gallagher.super-yacht

The Gallagher report, penned by brokers Mike Ingham and Haris Lagios, suggests that the loss of a super-yacht, which was under construction for a mystery buyer, at the yard could turn out to be the marine markets' largest-ever hull claim.