Swiss Re Insurance-Linked Fund Management

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

27th June 2011

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, Said S&P, but the reinsurers […]

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Aftershocks strike Christchurch, New Zealand

13th June 2011

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.

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New Zealand earthquake insured loss estimate from Swiss Re

2nd March 2011

Swiss Re, the global reinsurer, have issued a press release detailing their estimated claims cost from the Christchurch, New Zealand earthquake on 22nd February. The final insured loss won’t be known for some time and the final impact on reinsurance rates in New Zealand is yet to become clear, although likely to rise.

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New Zealand Earthquake Commission may need govt help to pay claims

25th February 2011

The New Zealand Earthquake Commission (EQC) may fully deplete its reserves paying claims for the recent Christchurch earthquake and have to call on the government to help them pay the remainder from the 6.3 magnitude quake. Standard & Poor’s have kept the EQC’s triple-A rating intact but point out that if the insured loss is […]

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New Zealand earthquake insured loss estimates rising

23rd February 2011

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 so much more pronounced and […]

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