NZ Earthquake Commission grows reinsurance program to record size

Despite the hardening of global reinsurance markets, the New Zealand Earthquake Commission (EQC), the state-owned residential property disaster insurance entity, has expanded its reinsurance program to a record size of $7.2 billion of protection.

A year ago, the New Zealand Earthquake Commission (EQC) said that its reinsurance tower provided almost $7 billion of coverage for the 2021/22 year.

But for the 2022 renewal, the NZ EQC says it has added $470 million, taking the tower to a record level of reinsurance of $7.2 billion.


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