The Marmaris superyacht fire destroyed two vessels, but at least one of the owners will be getting a considerable payout

With major incidents in Abu Dhabi, Fethiye, Cowes and the US Virgin Islands, 2016 is quickly turning into the year of the superyacht fire, but there is a silver lining for one unlucky owner.

Barbie was one of the two vessels that were completely gutted by the blaze at Marmaris marina in the early hours of January 4 after flames spread from nearby 73m Lurssen The One.

Just over two months on and Barbie’s insurers Hiscox MGA have confirmed that they have paid out $20 million (roughly £13.8 million) to the owner.

Barbie superyacht fire MarmarisIn a statement released this week Paul Miller, director of underwriting at Hiscox, said: “Barbie is the largest claim that the superyacht insurance market has had to deal with in quite some time.

“That it was paid in full within 60 days of the event will hopefully help the owner to reach closure from this traumatic incident,” he added.

Barbie’s insurance policy was purchased through Yachtsure24 and was underwritten by a syndicate of 14 insurers, including Lloyd’s of London.

Whether the insurers can claim their costs from the owner of The One remains to be seen, as the cause of the Marmaris superyacht fire is still being investigated.