U.K. Insurers to Stress Test for Terrorism in London, New York

From Bloomberg:

U.K. Insurers to Stress Test for Terrorism in London, New York

U.K. regulators have asked property and casualty insurers to stress test their capital reserves against catastrophes, including a snychronized terrorist attack in London, New York and one other major city.

The Prudential Regulation Authority published the exercises last week and the results of the tests must provide details of gross and net losses after claiming for reinsurance, according to the document on its website.