Series of structural and personnel changes are effective as of July 2024, with Yasuyuki Nakamura named GM of Kobe Branch and Koji Shikada GM of Fukuoka Branch.
Claims to be well in excess of GXL US$100m attachment point, leaving reinsurers bearing bulk of insured cost, but risk understood to be spread across 80 reinsurers.
Container ship collided with bridge, causing it to collapse and sending people and vehicles into the Patapsco River, with initial estimates suggesting damage could run into the billions.
