Lloyd's will survive the fallout from 11 September, although terrorism risk will continue to overshadow the market, the Terrorism Risks conference in Singapore heard yesterday.
Lloyd's Asia managing director David Battman said that although it had been affected badly, the market had survived well.
He added that despite every syndicate being affected by the incident, none had ceased underwriting.
The fact that Lloyd's spreads risk around its market showed its system works, he said.
However he warned that the risk of terrorism continued to loom over the market. Battman admitted a recent survey of practitioners found Lloyd's practitioners showed terrorism was perceived as a major threat.
