I checked with Ward at Beneteau USA. He told me that the replacement fitting & epoxy kits that Beneteau used to stock are no longer available (part number 460646). He advised buying a fitting locally.
Unfortunately the brass fittings that I have been able to find do not have an adequate wall thickness as compared to the OEM fitting. I removed the fitting on my my 7 year old Beneteau last year. The original fitting seemed to be quite strong with no evidence of corrosion. The epoxy bead that was placed around the fitting at the factory was sound; therefore, I placed some Teflon tape on the threads and reinstalled it with a bit of 3M4200 on the Teflon coated threads--no problems to date.
Just recently, someone on a Ben 343 site, reportedly had the same problem with the fitting snapping off. He was able to locate a fitting and epoxy kit from Annapolis Yacht Sales.
I spoke to the parts manager at Annapolis and she told me that they started to sell their own kit, that includes the brass fitting & epoxy, since Beneteau USA no longer sells it. The cost from Annapolis is $25. I just received the kit since I wanted to have a spare fitting just in case I have a problem with my installed fitting. The fitting that I received from Annapolis doesn't appear to be the same size as the OEM fitting that I removed and inspected. The OEM fitting is 1/8"NPT x 1/4" or possibly 3/8" straight barbed; the fitting from Annapolis appears larger. Guess I will find out when I haul out again next year.
There is an abundance of information about this problem on the Yahoo Beneteau423 site. Several of their members have reinforced/thickened the shaft tube, where the fitting is located, with layups of fiberglass. The layups were then retapped to the appropriate thread size and a new fitting installed. This provides a much stronger installation as all of the fitting threads are engaged in the layup. Some members eliminated the entire problem by converting to a PSS shaft seal, as Gunni stated. You can view the photos on the 423 site.
As far as attempting this repair in the water, it may be a bit risky. A "quick haul" might be the safer alternative. With the boat suspended in the slings, out of the water, you can try to replace the fitting---if you have problems, you can have the boat hauled & blocked.
I would try to use the appropriate sized "Easy Out" drill to attempt to engage the broken fitting that remains in the shaft tube and then unscrew the fitting using the "easy out". If you are successful, you won't have to drill out the broken fitting and then have to retap the shaft tube to a larger size.
Please let us know the outcome as we are all going to have to deal with this poorly designed assembly in the future.