Top cruise line Carnival Corp is shaking up its insurance arrangements less than three years after the market was hammered by the near-$2bn Costa Concordia loss.

Carnival has appointed Marsh as broker, drawing a line under its relationship with Aon, which has handled the huge claims arising from the January 2012 casualty.

Marsh was appointed after making what is described as a “compelling, all-encompassing proposition” about how it would handle the Carnival placing in a recent beauty contest.

On