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International

Quake commission adds $4-billion of reinsurance cover

June 10, 2019 Reprints

New Zealand's Earthquake Commission has secured more than $6 billion New Zealand ($4 billion) of reinsurance cover from international reinsurers for the policy year starting June 1, Asia Insurance Review reported. Under the new reinsurance policy, the reinsurers will pay for claims if the total loss exceeds NZD $1.7 billion.

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Quake commission adds $4-billion of reinsurance cover

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