Insured losses from London attacks will be low says QBE

Insured losses arising from last week's terrorist attacks on London will be relatively small according to insurer QBE.

Chief executive Frank O'Halloran said: "We are all deeply shocked by the loss of life, injuries and trauma caused to people following the terrorist attacks on the London transport system.

"From an insurance perspective, incurred losses from this event are expected to be relatively small and for QBE, well within our substantial allowances for large losses and catastrophes."