Aon-Benfield: NZ quake unlikely to exceed limits of reinsurance cover
Aon Benfield, which has been monitoring the fallout from the 4 September earthquake in Christchurch New Zealand, said reinsurance cover for insurers is “significantly past what is considered a reasonable return period for business making decisions.”
Reinsurance purchased by insurers in New Zealand is based on a “scenario approach”, Aon-Benfield said: “the key event monitored is a Wellington earthquake. Current thoughts are that this has a
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