27 November 2012Insurance

New Zealand Earthquake Commission predicts 2013 softening

Despite its reinsurance bill trebling since 2010, Ian Simpson, the chief executive of New Zealand’s Earthquake Commission (EQC), says he remains impressed by the way international reinsurers have responded since devastating earthquakes hit the country in 2010 and 2011. But he now anticipates a softening of rates in 2013.

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