Natural Hazards Commission Secures $12.3 Billion in Reinsurance Cover

Natural Hazards Commission ups reinsurance cover by 20%, but taxpayers remain exposed

The Natural Hazards Commission is taking advantage of the fact reinsurance is relatively cheap at the moment. The state disaster insurer, previously known as...

New Zealand's NHC secures record NZ$12.3bn reinsurance programme

For 2026, the Natural Hazards Commission Toka Tū Ake (NHC) has secured a record NZ$12.3 billion in reinsurance protection, which is a 20%, or $2.1 billion increase from last year’s NZ$10.3 billion programme. The cover will provide substantial financial protection for New Zealand homeowners in the event of a major natural hazard disaster. The NHC stated that it secured the overall programme on a more cost-effective basis than last year. The cover…

NZ Natural Hazards Commission renews record reinsurance tower, 20% increase to $12.3bn - Artemis.bm

This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. New Zealand’s Natural Hazards Commission Toka Tū Ake (NHC), formerly known as New Zealand’s Earthquake Commission (EQC), took advantage of attractive reinsurance buying conditions at its 2026 renewal to lift the top of its reinsurance tower by 20% to $12.3 billion. That’s around $2.1 billion of additional reinsurance limit secured at…

Natural Hazards Commission secures $12.3 billion in reinsurance cover

Annual reinsurance cover secured by the Natural Hazards Commission up 20% to $12.3 billion