Canterbury earthquakes could cost Lloyd's £2.8bn
Lloyd's has paid out NZ$4.2bn (£2bn) for the 2010 and 2011 Canterbury earthquakes in New Zealand and estimates a further payout of NZ$1.6bn.
Chairman John Nelson said Lloyd's was an insurer for the Earthquake Commission, which has contributed to the size of its payout, according to the New Zealand Herald.
"Over half of New Zealand's $40bn
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