Insurer AXA does not expect material losses from Baltimore bridge collapse
Reuters
Published Mar 28, 2024 14:21
Updated Mar 28, 2024 18:36
LONDON (Reuters) - French insurer AXA will not have major losses from the Baltimore bridge collapse, it said on Thursday.
"Based on a preliminary assessment, AXA currently does not expect losses from the Francis Scott Key bridge collapse to be material at group level," AXA said in a statement.
"We continue to monitor this closely."
AXA's commercial insurance unit AXA XL is lead underwriter on a $3.1 billion reinsurance policy for ship insurers.
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Written By: Reuters
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