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

19 May 2012

New quake devastates Christchurch as $bn losses likely

22 February 2011

Billion dollar losses from New Zealand are again likely for the reinsurance community after a magnitude 6.3 earthquake struck Christchurch, killing at least 65 people.

Modelling firm Eqecat said the event would cost at least $1bn in a very early assessment of potential losses.

Oriel Securities analysts predicted that based on a similar $4bn-$5bn industry loss from the previous earthquake, the impact on reinsurance pricing from the latest disaster was still likely to be limited to the region.

But among...

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