Baltimore bridge collision may be the largest insured marine loss ever [Seeking Alpha]
Arch Capital Group Ltd. (ACGL)
Last arch capital group ltd. earnings: 2/11 04:31 pm
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Source: Seeking Alpha
The collision of the tanker Dali with the bridge demolished the bridge itself, forcing the closure of the Port of Baltimore, of the the U.S. Eastern Seaboard's busiest ports, and killing six construction workers on the bridge at the time. Federal officials told Maryland lawmakers that rebuilding the bridge, a 1.6-mile span, would cost at least $2B, including the cleanup, Bloomberg reported , citing a person familiar with the matter. Lloyd's of London Chair Bruce Carnegie-Brown told Reuters on Thursday that he would be "very surprised" if the marine crash didn't result in a multi-billion dollar loss, noting that "the tragedy has the capacity to become the largest single marine insurance loss ever." TD Cowen analysts estimate the insured loss is likely to range from $1.5B and $3B, "though it's still early, with a lot of unknowns." Morningstar DBRS estimated insured losses could total between $2B and $4B. "The collapse of the Francis Scott Key Bridge and the subsequent blockage
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News
- Should Arch Capital (ACGL) Be in Your Kitty Before Q1 Earnings? [Yahoo! Finance]Yahoo! Finance
- Unlocking Q1 Potential of Arch Capital (ACGL): Exploring Wall Street Estimates for Key Metrics [Yahoo! Finance]Yahoo! Finance
- Madison Mid Cap Fund Q1 2024 Investment Strategy Letter [Seeking Alpha]Seeking Alpha
- Arch Capital Group Ltd. (ACGL) Benefitted From Attractive Market Conditions [Yahoo! Finance]Yahoo! Finance
- Arch Capital Group Ltd. (NASDAQ: ACGL) had its price target raised by analysts at Morgan Stanley from $104.00 to $109.00. They now have an "overweight" rating on the stock.MarketBeat
ACGL
Earnings
- 2/14/24 - Beat
ACGL
Sec Filings
- 4/5/24 - Form 8-K
- 3/28/24 - Form ARS
- 3/28/24 - Form DEFA14A
- ACGL's page on the SEC website