Swiss Re welcomed action taken last week by the House of Representatives in moving the legislative process forward to provide a federal backstop for future terrorism risk.
Jacques Dubois, CEO and President of Swiss Re America Holding Corporation, commented that the company was pleased that the House has taken action and Swiss Re looks forward to continuing to work with all interested parties to achieve final approval of legislation that will ensure protection for property owners, their lenders and the economy at large from future acts of terrorism.
Dubois added that since Sept. 11 there has been a positive and important partnership between the government and the insurance industry and it is vital to ensure the security and viability of our economy.
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