The British-flagged Bayesian, which had 22 people aboard including 10 crew, was anchored some 700 metres from port before dawn Monday when it was struck by a waterspout, a sort of mini tornado.
Most of those aboard the yacht were British, and the passengers were guests of Lynch, celebrating his recent acquittal in a massive US fraud case, according to Italian media.
Bloomer is also the chair of Hiscox, which issued a statement saying it was 'deeply shocked and saddened' by the incident.
Lynch, 59, is a celebrated technology sector entrepreneur and investor, sometimes referred to as the UK's answer to Bill Gates.
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