The body of Morgan Stanley international chairman Jonathan Bloomer was retrieved from the wreckage of a yacht that sank off the coast of Italy on Monday after an intense storm, Bloomberg and CNBC reported.

It was earlier reported that he was missing and was feared dead, along with his wife and four others, including British tech entrepreneur Mike Lynch.

“We are deeply shocked and saddened by Jonathan and Judy’s tragic deaths. Our deepest sympathies go out to their family and friends at this devastating time,” Aki Hussain, Hiscox Group CEO, said in a statement seen by Insurance Journal.

Bloomer became chairman of insurance firm Hiscox chairman in 2023.

“It was a privilege to have known Jonathan and to have benefited from his generosity and wisdom over the last year in his role as chair of Hiscox,” Hussain added.

Morgan Stanley CEO Ted Pick said Bloomer’s “leadership and experience helped the firm manage a period of complex change for our international businesses,” according to a statement seen by Bloomberg.

Bloomer chaired Morgan Stanley International since 2016. Previously, he was an Arthur Andersen partner for two decades and held executive positions at Prudential and other companies.

Bloomer’s wife, Judy,  also died in the accident. “Together for five decades, our only comfort is that they are still together now. This is an unimaginable grief to shoulder,” the Bloomers’ children said in a statement seen by Bloomberg. “Our only ask is that our family’s privacy is respected at this time.”

Of the 22 people on board the Bayesian yacht, operated by sailing company Camper & Nicholsons, 15 were rescued Monday. The body of the ship’s chef, Recaldo Thomas, was discovered soon after the yacht sank.

The other people who died in the wreckage included Lynch; his 18-year-old daughter Hannah; Clifford Chance lawyer Chris Morvillo and his wife, Neda.

After four days of extensive search — delayed by difficulties in accessing the vessel around 50 meters deep in the waters — Hannah’s body was recovered Friday, the Italian coastguard told The Guardian. 

The public prosecutor in the Sicilian town Termini Imerese has launched an investigation into the recent sinking, focusing on charges including shipwreck, disaster and multiple homicides, Italian news agency Adnkronos reported. These charges, comparable to manslaughter, could carry prison sentences, The Guardian noted.

While investigating the incident, the local prosecutor’s office questioned the captain and other survivors, Italian media reported.

The Marine Accident Investigation Branch, a government organization that probes all accidents in U.K. waters, is also looking into the matter and has raised questions about the yacht’s mast and the condition of its hull, according to Bloomberg.

The Italian coastguard noted that the yacht, a 540-ton British-registered vessel, did not have breakage in its hull and that the mast was intact when found.

However, Giovanni Costantino, CEO of The Italian Sea Group, which owns the yacht’s maker Perini Navi, said the yacht took around 16 minutes to finally sink when it got caught in the strong winds and started dragging its anchor near Porticello — suggesting the crew had enough time to tackle the yacht and save those on board.

The Bayesian “was designed to be absolutely stable and carry ... the world’s second-tallest mast,” Costantino told the Financial Times.

“The torture lasted 16 minutes. It went down, not in one minute as some scientists have said. It went down in 16 minutes,” he highlighted. “You can see it from the charts, from the [Automatic Identification System] tracking chart.”

Those on board the Bayesian were celebrating Lynch’s acquittal in the U.S. on 15 fraud charges that stemmed from the 2011 sale of Lynch's company, Autonomy Corp., to tech giant Hewlett-Packard for $11.1 billion. This acquisition later resulted in a massive financial setback for HP, forcing them to write off $8.8 billion. Bloomer was a defense witness in the case.

In a separate incident, the yacht sinking occurred on the same day that Stephen Chamberlain — Lynch's co-defendant in the fraud case, was confirmed dead. A lawyer disclosed that Chamberlain had died after being struck by a car in Cambridgeshire on Saturday, BBC reported.