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Guy Carpenter Evaluates London Bombings

Guy Carpenter, a reinsurance brokerage firm, said it is "unlikely" that there will be significant financial impact on insurance markets from the July 7 ...

By Mark E. Ruquet | Updated on February 18, 2005

Guy Carpenter, a reinsurance brokerage firm, said it is “unlikely” that there will be significant financial impact on insurance markets from the July 7 bombings in London, but it should increase pricing on stand-alone coverage.

In a report issued yesterday, the firm, which is a subsidiary of New York-based Marsh & McLennan Companies, said estimates put losses at no more than ?60 million ($105 million U.S.), with minimal exposure to reinsurers, no more than $12 million for one insurer.

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