Fitch: reinsurance rates set to rise for Australian firms
Fitch Ratings has commented today on the Australian non-life majors' adequacy of catastrophe reinsurance protection, following the Christchurch earthquake.
The firm said insured losses arising from the earthquake are expected to be “significant”.
Initial insured loss estimates range from NZ$1.5bn to NZ$6bn, although Fitch expects the impact on the major
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