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Lloyd’s insurers most exposed to claims from bridge collapse

Posted On: Mar. 28, 2024 10:09 AM CST

Analysts at Barclays plc said insurers face claims of as much as $3 billion after the collapse of the Francis Scott Key Bridge in Baltimore, Maryland, with firms on the Lloyd’s of London market most exposed, Irish Examiner reported. The analysts added insurance risk will be spread across companies due to it being syndicated, stating that Axa S.A. leads the policy, while other key reinsurers include Swiss Reinsurance Co. Ltd., Hannover Re SE, Munich Reinsurance Co., and RenaissanceRe Holdings Ltd.