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Lloyd’s WTC Exposure Soars 45 Percent London Editor


Lloyds of London has revised upwards its exposure to the World Trade Center disaster by about 45 percent to a total net loss of 1.9 billion ($2.7 billion at current exchange rates), compared to projections of 1.3 billion ($1.9 billion) released on Sept. 23.

The Oldwick, N.J.-based A.M. Best Company is maintaining the A-minus (Excellent) financial strength rating of Lloyds despite the markets updated loss estimates, although the rating remains under review, pending a number of developments.

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