Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Suncorp still has reinsurance available to cover 2011 Canterbury quake claims

Reprints

An official at Suncorp Group New Zealand Ltd. has said that the insurer still has reinsurance available to cover its outstanding claims related to the 2011 Canterbury quakes, Stuff.co.nz reports.

"We also have ADC [adverse development cover] in place, and once the ADC is exhausted we are still well protected by the cover in our main cat [catastrophe] program and our escalation options," said the official. Meanwhile, insurers Tower Ltd. and IAG New Zealand Ltd. have used up their reinsurance cover for the February event.

Read more