Who will be next to update on New Zealand earthquake losses?
With a succession of reinsurers (Amlin, Aspen, Catlin, Chaucer, Flagstone, Omega, Partner and Platinum) having revised upwards their initial New Zealand loss notifications, one issue is whether there are other firms that may have to follow suit.
Click to enlarge
First in line will be the markets on the middle layer of
the middle NZ$1.5bn in excess of NZ$2bn layer on the EQC's
programme (see schematic). The Insurance
Insider has previously revealed that markets on this
layer - in addition...
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