Paris-listed insurer AXA has revised its expected losses from the terrorist attacks in the US to $550m (£375.2m) pre-tax from $300m (£204.7m) to $400m (£272.9m).
The group said the new figure represented its net total potential loss burden and was based on a review of the exposure of both its insurance and reinsurance operations to the attacks.
It said the net loss on its insurance business was estimated at $150m (£102.3m) and was split evenly between life, property and casualty and aviation coverage.
The loss sustained at its reinsurance business is expected to be approximately $400m (£272.9m).
