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The logo of AXA insurance is seen at an office building in Basel, Switzerland March 2, 2020. Arnd Wiegmann, 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)
