Cox Insurance Holdings plc admitted the costs of Tuesday's terror action in the US would hit its profits this year.
Despite having no direct exposure to the losses suffered either by the airlines whose craft were hijacked or by people who lost their lives or workers' compensation, it expects heavy claims for property coverage.
It added in a statement: “We further reinsure certain companies for which, while we have not been notified of losses, it is reasonable to assume that reserves will need to be established.”
