NU Online News Service, Feb. 25, 8:54 a.m. EST
The latest New Zealand earthquake is “absolutely not” the type of event to harden the reinsurance market, said the global head of business intelligence for Guy Carpenter.
In terms of the size of loss and the effect the Feb. 22 earthquake will have on reinsurers’ earnings, it “would not create a sustained turn in rates,” said David Flandro of the global reinsurance intermediary.
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