Insight and Intelligence on the London & International Insurance Markets

4 February 2012

New Zealand reinsurance costs to rise

10 September 2010

The aftershocks from the damaging earthquake that hit New Zealand's second largest city, Christchurch, will be felt in the international reinsurance arena, with rates for the dominant primary players in the region set to rise, according to analysts.

Although AIR Worldwide's top-of-the-range modelled estimate points to an insured loss of up to $4.5bn from the 7.1 magnitude temblor (see table of modelled losses), the impact on the major Australasian insurers is likely to be limited by their catastrophe reinsurance coverage...

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