Attacks in US not significantly impact on China Insurance

China Insurance International Holdings Co Ltd (0966) said the terrorist attacks in the US will not have a significant impact on the bottom line of the company and its subsidiaries this year. It said its wholly-owned subsidiary, China International Reinsurance Co Ltd, has a small exposure in the North American region, which accounts for less than 5.0 pct of its gross reinsurance premium. The exposure is mainly in non-life non-proportional reinsurance against natural disasters such as windstorms or earthquakes, rather than single risk losses, it said. China International Reinsurance does not have any direct known insurance exposure to the World Trade Centre, the statement added.

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