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Tragedy: Six people died when a cargo ship crashed into the Francis Scott Key Bridge in Baltimore in March
Lloyd’s of London insurer Hiscox has set aside £22m to cover claims related to the collapse of the Baltimore bridge in the United States.
The March disaster, when a cargo ship crashed into a bridge and killed six people, was the prelude to a difficult summer for insurers.
The early start to hurricane season caused havoc, along with last month’s global IT meltdown, but neither of these issues affected Hiscox.
The update came as the company, which was touted as a takeover target last month amid reports that rivals in Japan and Italy were poised to pounce, said profits rose 7.1 per cent to £223m in the first half, less than analysts had expected.
Shares fell 1.8 percent, or 21 pence, to 1,148 pence.
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