Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

19 May 2012

$50mn cold zone cover pays off after Kiwi quake

9 December 2010

Around half of the estimated $100mn "cold spot" industry loss warranty (ILW) market has triggered as the latest industry loss estimates for the New Zealand earthquake top $3bn, Trading Risk can reveal.

Munich Re NatCatService industry estimates put the loss from the quake at about $3.4bn ($NZ4.5bn), while Swiss Re's recent Sigma report put the event at a $2.7bn insured cost.

Around $50mn of the $100mn outstanding off-peak ILWs trigger on Munich Re's estimates and half on Swiss Re's Sigma...

You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.

Purchase


Share: This article was published as part of issue December 2010/1

Insider Publishing Limited - 2nd Floor Asia House, 31-33 Lime Street, London, EC3M 7HT, United Kingdom. The content of this website is copyright of Insider Publishing Limited 2012. All rights reserved Insider Publishing Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π