Baltimore bridge may trigger historic marine insurance loss, says Lloyd's of London

Lloyd’s reported underwriting profit of £5.9bn (€6.9bn) for 2023

The bridge collapsed on Tuesday after being struck by a container ship, the Singapore-flagged Dali,

Insurance payouts for Tuesday’s collapse of the Francis Scott Key Bridge in Baltimore in the US could be among the largest ever in marine insurance, according to Lloyd’s of London Chief Executive Officer John Neal.

“This has the potential to be one of the largest marine losses in history,” Neal said in an interview with Bloomberg News.