Lloyd's: estimate increases.
Lloyd's has increased its estimate of net losses relating to the World Trade Center by 45% to £1.9bn...
Lloyd's has increased its estimate of net losses relating to theWorld Trade Center by 45% to £1.9bn. Lloyd's said the primary source of
the increased estimate is new property claims and increasing reinsurance
exposures as other insurers have revised their estimates. Chairman Sax
Riley said: "Anyone searching these figures for signs of Lloyd's' demise
will be disappointed. We've stated very clearly that Lloyd's can manage
its losses from 11 September. These new projections don't change that
positio
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