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28 March 2024Insurance

Re/insurers face $4bn hit from Baltimore bridge disaster, topping Costa Concordia claims

Following the collapse of the Francis Scott Key Bridge in Baltimore, insured losses are anticipated to reach up to $4 billion, surpassing the record payouts seen after one of Europe’s worst maritime disasters in 2012 off the coast of Italy.

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Baltimore bridge collapse hits P&I segment at earnings turning point

27 March 2024 P&I clubs had hit their first technical profit since 2016/17, finally put paid to Costa Concordia.

Reinsurers will take bulk of P&I claim after Baltimore bridge collapse

27 March 2024 AXA XL led the current XoL reinsurance cover for International Group of P&I Clubs.

Baltimore bridge collapse will send claims through P&I, P&C and more

26 March 2024 Beyond Britannia P&I cover and property/liability claims, the accident blocks a major US port.

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