World
Trade Centre - Market News Update
|
Security This incident is likely to create the
largest loss experienced by the international insurance markets. The
ability of the markets to meet this loss is of paramount importance to
policyholders. Sustainability of individual markets will depend on ability
of the markets to absorb the loss within their existing capital base, to
finance the cash flows required to meet the losses and re-generate capital
through earnings or a variety of financial instruments to enable them to
maintain an adequate capital base to support current writings.
The rating agencies are monitoring activities in
these areas and will hopefully identify any areas of concern. Alexander
Forbes are in touch with the major insurance agencies to ensure that we
are up-to-date with what is a very fluid and fast changing security
position. |
