Ever Given losses likely to be hundreds of millions not billions, say ratings agencies

dollars-perspective

The unblocking of the Suez Canal just under a week after MV Ever Given ran aground and the apparent absence of damage to the boat, its cargo and from pollution will limit losses to hundreds of millions of dollars rather than billions, ratings agencies have forecast.

The impact will not lead to ratings changes for insurers and reinsurers but will drive market hardening, they forecast.

The container vessel became embedded in the east bank of the canal on the

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British Insurance Awards 2024 winners revealed

Aviva was among the big winners with four outright prizes at last night’s (3 July) British Insurance Awards, on an evening where former British Insurance Brokers’ Association CEO Steve White was recognised with The Achievement Award.

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