(Excess word in the title, typo)
LONDON, March 28 (Reuters) – AXA will not incur major losses following the collapse of the Baltimore bridge, the French insurer said on Thursday.
“Based on a preliminary assessment, AXA does not expect losses related to the Francis Scott Key Bridge collapse to be significant at a group level,” AXA said in a statement.
“We continue to monitor the situation closely,” the group added.
Read also…
AXA XL, AXA’s commercial insurance subsidiary, is the lead underwriter of a $3.1 billion reinsurance policy for ship insurers.
(Reporting Carolyn Cohn; French version Stéphanie Hamel, editing by Kate Entringer)
©2024 Thomson Reuters, all rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. “Reuters” and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.