World Insurance Report
Secure in the face of adversity
Contrary to some analysts’ gloomy predictions that the reinsurance industry will be hard pressed to pay claims in the wake
of the 11 September terrorist attacks in the US,
Donald S Watson
, director of reinsurance at rating agency Standard & Poor’s, believes reinsurers will not only provide the critical financial
backing for payouts resulting from the tragedy but rebuild a fortified position with strong earnings in coming years.