Lloyd's and international (re)insurer Catlin Group has increased its New Zealand quake loss estimate from $35mn to $45mn, giving further evidence that reinsurers' initial reserves are coming under pressure from a deteriorating loss picture.
Lloyd's and international (re)insurer Catlin Group has increased its New Zealand quake loss estimate from $35mn to $45mn, giving further evidence that reinsurers' initial reserves are coming under pressure from a deteriorating loss picture.