Baltimore bridge collapse a major but manageable marine loss event: S&P

Share!

Reinsurance News - Apr 02, 2024

S&P Global Ratings has said that although the Francis Scott Key Bridge collapse in Baltimore could cause the largest marine insurance losses recorded since Costa Concordia in 2012, it will be a manageable earnings event for the global reinsurance sector. The ratings agency states that if the Int...

Read Full Article

Recommended Articles

Industry unsure what impact CrowdStrike outage will have on cyber insurance market, poll suggests

Posted: Jul 26, 2024

According to a recent poll from Reinsurance News, the re/insurance industry appears to be unsure in...

USAA’s Wallace becomes Chief Audit Executive, Seybold takes over as CFO

Posted: Jul 26, 2024

USAA has announced that Jeff Wallace, the firm’s current Chief Financial Officer (CFO), will t...

Events like the CrowdStrike IT outage “are unlikely to reach catastrophic levels”: Coalition’s Motta

Posted: Jul 26, 2024

$0.96 billion industry-wide loss experienced by US cyber insurance policyholders impacted by the Cro...