Insight and Intelligence on the London & International Insurance Markets

25 February 2018

Search archive

Kaikoura reinsurance claims total $487mn: Statistics New Zealand

Charlie Thomas 16 March 2017

Provisional reinsurance recoveries for the 14 November Kaikoura earthquake amount to NZ$694.0mn ($486.5mn), according to Statistics New Zealand.

The reinsurance claims helped push the balance on New Zealand's capital account to a NZ$683.0mn surplus for the fourth quarter of 2016.

The Insurance Council of New Zealand (ICNZ) had reported that more than NZ$900.0mn of commercial insurance claims had been filed due to the Kaikoura earthquake as of 1 February, but that figure is likely to have crept up since then...

If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership


Euromoney Trading Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Euromoney Trading Limited 2018. All rights reserved Euromoney Trading Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.