Swiss Re on the hook for collapsed Genoa bridge

Swiss Re is one of the main insurers for the Rome-based company Autostrade per l’Italia that operated the stretch of highway where the Morandi Bridge in Genoa collapsed, according to an Aug. 17 Reuters report.

The Genoa bridge collapsed and crumbled to the ground on Tuesday, Aug. 14 during midday traffic, claiming at least 38 lives.

“We are already working with and will continue supporting our client in managing the impact of this tragic event on the victims and their families,” a spokesperson for the carrier has confirmed, according to the report.

“We will be working through the discovery process that will include independent third-party assessments in order to determine the likely root cause of the event,” the spokesperson added.

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