NZ quake losses will push prices up

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<abstract displayLabel="Summary">New Zealand's 6.3 magnitude earthquake is expected to trigguer an upward movement on reinsurance pricing, as most primary insurers in the market have substantial reinsurance cover for losses related to the Fev. 22 quake in Christchurch. Industry insured losses are estimated to be between NZ$5 billion (US$3.8 billion) and NZ$11.5 billion, centered on physical damage of property and business interruption, according to catastrophe modeler AIR World-wide</abstract>
<note type="statement of responsibility">by Iris Lai</note>
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<topic>Seguro de riesgos extraordinarios</topic>
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<topic>Costes económicos</topic>
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<geographic>Nueva Zelanda</geographic>
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<title>BestWeek Asia/Pacific.- Hong Kong : A.M. Best Asia-Pacific, Ltd</title>
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<text>Issue 9, 1 March 2011 ; 3 p. </text>
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