Standard & Poor’s today said that the impact of the September 11 attacks would not affect its ratings or outlook for Great-West Lifeco Inc.

The firm estimated net financial losses of $82 million from the attacks. Great-West Lifeco stated that the financial impact is related to the reinsurance business conducted by London Reinsurance Group Inc., a wholly owned subsidiary of London Life Insurance Co., which is, in turn, a subsidiary of Lifeco.

“Although the company has reported that it expects other claims from the disaster to affect its other subsidiaries, these claims are not expected to be material,” says Standard & Poor’s. “Overall, the capital strength for Lifeco’s various subsidiaries is expected to remain in line with Standard & Poor’s expectations.”

The rating agency says that it must be recognized that the reported estimates are preliminary, and that it will continue to monitor any future refinements to these estimates and will revisit potential ratings implications as necessary.