Skyward Specialty Insurance’s Post

The collapse of the Francis Scott Key Bridge in Baltimore after it was struck by a container ship could trigger a wide swath of insurance and reinsurance policies, and the loss is likely to run into billions of dollars and trigger reinsurance claims, sources say. Beyond marine hull, cargo and liability policies, the incident could trigger various coverages, including auto, contingent business interruption, inland marine, property, trade credit and workers compensation. More 👉https://ow.ly/qpGM50R3gAw #BaltimoreBridge #RiskSpecialty #MarineInsurance AM Best

The collapse of the Francis Scott Key Bridge in Baltimore after it was struck by a container ship could trigger a wide swath of insurance and reinsurance policies, and the loss is likely to run into billions of dollars and trigger reinsurance claims, sources say. Beyond marine hull, cargo and liability policies, the incident could trigger various coverages, including auto, contingent business interruption, inland marine, property, trade credit and workers compensation. More 👉https://ow.ly/qpGM50R3gAw #BaltimoreBridge #RiskSpecialty #MarineInsurance AM Best

The collapse of the Francis Scott Key Bridge in Baltimore after it was struck by a container ship could trigger a wide swath of insurance and reinsurance policies, and the loss is likely to run into billions of dollars and trigger reinsurance claims, sources say. Beyond marine hull, cargo and liability policies, the incident could trigger various coverages, including auto, contingent business interruption, inland marine, property, trade credit and workers compensation. More 👉https://ow.ly/qpGM50R3gAw #BaltimoreBridge #RiskSpecialty #MarineInsurance AM Best

The collapse of the Francis Scott Key Bridge in Baltimore after it was struck by a container ship could trigger a wide swath of insurance and reinsurance policies, and the loss is likely to run into billions of dollars and trigger reinsurance claims, sources say. Beyond marine hull, cargo and liability policies, the incident could trigger various coverages, including auto, contingent business interruption, inland marine, property, trade credit and workers compensation. More 👉https://ow.ly/qpGM50R3gAw #BaltimoreBridge #RiskSpecialty #MarineInsurance AM Best

The collapse of the Francis Scott Key Bridge in Baltimore after it was struck by a container ship could trigger a wide swath of insurance and reinsurance policies, and the loss is likely to run into billions of dollars and trigger reinsurance claims, sources say. Beyond marine hull, cargo and liability policies, the incident could trigger various coverages, including auto, contingent business interruption, inland marine, property, trade credit and workers compensation. More 👉https://ow.ly/qpGM50R3gAw #BaltimoreBridge #RiskSpecialty #MarineInsurance AM Best

The collapse of the Francis Scott Key Bridge in Baltimore after it was struck by a container ship could trigger a wide swath of insurance and reinsurance policies, and the loss is likely to run into billions of dollars and trigger reinsurance claims, sources say. Beyond marine hull, cargo and liability policies, the incident could trigger various coverages, including auto, contingent business interruption, inland marine, property, trade credit and workers compensation. More 👉https://ow.ly/qpGM50R3gAw #BaltimoreBridge #RiskSpecialty #MarineInsurance AM Best

🎥 Lloyd’s Neal: Baltimore bridge “could be biggest marine industry loss” Watch the full 17-minute interview here: https://lnkd.in/gFUhzRXz The marine market could be facing its “biggest industry loss” to date in the wake of the Baltimore bridge incident, according to Lloyd's CEO John Neal, with early estimates sitting at $3bn. You'll hear more about: ✅ Lloyd’s 2023 performance, “unprecedented underwriting condition” and what to expect in 2024 ✅ Baltimore bridge market implications ✅ Dynamics in the casualty market and adequate reserving ✅ New entrants ✅ Blueprint II delay ✅ Legacy of non-financial conduct reviews #TheInsurerTV #NewsInFocus #Lloyds #insurance #reinsurance

We always love hearing from happy clients who appreciate the unique experience of our team as we help to identify, address, minimize, and prevent risk and loss. Mitigating the wide range of exposures faced by policyholders, underwriters, business and property owners alike requires a team you can trust. We are that team. #losscontrol #riskmanagement #buildersrisk #insurance #construction

Beazley results 1H 24 as a reflection of the coherence and stability of this long term player. Find a summary below:

In 2023, Carris Reels, Inc. turned its captive insurance dream into reality by establishing their own captive in Vermont. Led by CFO David Fitz-Gerald and CEO Alberto Aguilar F., the decision came down to the advantages of self-insurance and better control over costs. This milestone demonstrates both the viability of captives for smaller firms and reinforces Vermont's status as a top-quality domicile. We're proud to see a Vermont-based company thriving through innovation in risk management.  https://lnkd.in/e5grZ74t #CaptiveInsurance #Vermont #RiskManagement