Mariners explore back-up reinsurance in the wake of Baltimore disaster
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Mariners explore back-up reinsurance in the wake of Baltimore disaster

The timing of the incident could leave carriers running large net exposure for the remainder of the policy year.

By Samuel Casey
May 16, 2024
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DISPLAY CREDIT controlled demolition, precision cutting of section 4 of the Francis Scott Key Bridge .jpg
Photo: US Army Corps of Engineers/Christopher Rosario

Marine insurers are exploring potential coverage options and pricing of back-up reinsurance deals in the wake of the Baltimore bridge incident, to avoid running a significant net exposure for the remainder of the policy year.

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NewsMajor lossesMarineReinsurers
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