French reinsurer SCOR has reconfirmed its estimated losses from the 11 September terrorist attacks on the World Trade Centre.
The company said its losses stood between $150m (£104.2m) and $200m (£139m).
It said they related to its 10% participation in the coverage of the twin towers and a 5% share in the Port of New York Authority Non-Life coverage.
SCOR chairman Jacques Blondeau said: "2002 will be marked by a reduction in reinsurance supply: the capacity of the industry was reduced due to the 11 September events and withdrawal of some players from the industry.
"The market will also be influenced by strong growth in demand in several business areas.
"The new positive cycle underway thus appears to be very strong and SCOR is particularly well positioned to take full advantage of it."
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