London market 'could withstand $200bn event'

The London market would be able to survive two major events
incurring cumulative insured losses of $200bn, according to a
stress test exercise conducted by an industry steering group.
Insurers would be able to pay claims and continue to provide
cover following the loss event, said a white paper entitled
London
Market looks ahead: Preparing for the next big insurance
event published today.
The scenarios analysed were a highly destructive hurricane, an
unprecedented cyber event, one of the largest