World Insurance Report
Scor calls for Europe-wide terrorism fund
Jacques Blondeau, head of French reinsurer
Scor, has called for the creation of a supranational European fund to cover the risks of terrorism. In the wake of the attacks
on the US, which could cost the insurance between US$30bn and US$70bn, insurers have been arguing they should not be liable
for such risks – much as they exclude acts of war from their policies.