Financial services holding company Fairfax Financial Holdings Ltd. has issued a preliminary statement regarding the effect of Tuesday’s attacks in the United States.

The firm said that ased on advice to this point, it believes that all of its employees have survived and that none suffered physical injury.

Fairfax added that at this early stage it is not possible to make a calculation of its financial exposure to claims arising out of Tuesday’s events with a high degree of certainty.

However, the firm said that based on a preliminary review by all of its insurance and reinsurance companies, it estimates on a preliminary basis that its aggregate exposure, after reinsurance, may be in the range of US$100 to US$125 million before tax (US$65 million to US$80 million after tax).

Fairfax said it will require “considerable time” in order to refine this preliminary estimate. It concluded that “While a significant event, these losses will not materially impact the financial position of the insurance and reinsurance companies.”