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.
(Reporting by Carolyn Cohn, editing by Sinead Cruise)
