The Lloyd's of London insurance market said on Thursday that it had "substantial involvement" in the insurance of the World Trade Center and two airlines whose planes were hijacked and used in the US attacks.
Lloyds said in a statement that "as one of the worlds major insurers it has a substantial involvement in the insurance of United Airlines and American Airlines, and the World Trade Center complex."
But it added: "However, because of the evolving nature of the situation and the numerous variables, Lloyds considers it unwise to attempt to quantify its own exposure at this time."
Lloyd's chairman Sax Riley commented: "The tragic events in the US this week have generated the most complex set of insurance liabilities and interdependencies the industry has ever seen.
"The situation is not static. Quantifying our involvement in terms of an exact total number is meaningless at this stage."
The Lloyd's insurance market includes 108 underwriting syndicates and accounts for about five percent of world reinsurance, it said – LONDON (AFP)
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