London Market passes $200bn stress test
Hiscox led the two-week exercise.
Hiscox has published a white paper looking into the London Market's response to a theoretical stress test involving the costliest losses in history.
The dry run scenario included an unprecedented cyber event, a highly destructive hurricane, one of the largest ever stock market declines and a major reinsurer default with consequent delays in reinsurance payments.
These simulated events resulted in extraordinary global insurance losses of approximately $200bn [£160.4bn], the largest in history.
Ex
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