Some reinsurance rates to triple in New Zealand, says S&P

Standard & Poor's has suggested that primary insurers based or operating in New Zealand could see some of their reinsurance rates as much as triple for property catastrophe reinsurance cover as reinsurers hike prices to claw back losses experienced throughout the first half of this year. Reinsurance capacity is available, read the full article →

Aftershocks strike Christchurch, New Zealand

A pair of aftershocks have struck the New Zealand city of Christchurch four months after it was hit by an earthquake which caused billion's of dollars of damage. The pair of aftershocks struck an hour and twenty minutes apart causing buildings to shake, some damage and minor injuries.The first earthquake, read the full article →

New Zealand earthquake insured loss estimates rising

Insured loss estimates for the recent earthquake in Christchurch, New Zealand have been rising steadily as reports emerge from different sources. It is extremely likely that the insured loss total from this latest event will be higher than the losses from the earthquake in September as the ground shaking was read the full article →