Effect of Paris terror attacks on insurance industry to be "fairly limited"

Robert Hartwig, an official at the U.S.-based Insurance Information Institute, said that the effect of the recent Paris terror attacks on the insurance industry would be "fairly limited," reports The Royal Gazette.

Mr. Hartwig said that Bermuda's insurers and reinsurers should brace for more terrorist attacks.

"I don't expect this event to have any particular effects on property-catastrophe or property liability," said Mr. Hartwig.

There will be a limited insured property loss from the Paris attacks, said Bradley Kading, president of the Association of Bermuda Insurers and Reinsurers.

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