Reinsurance Expert On Insurance Premiums

A reinsurance expert doubts we’ll see insurance premiums skyrocket after the multiple Christchurch earthquakes.  Ben Dyson says while reinsurance companies will undoubtedly be looking at increased risk, and premiums will rise, companies in turn have to look at the overall market.

But New Zealand isn’t the only country reinsurers are looking at.  “The big concerns really I think are risks from the US. The real thing that worries them the most are when there are storms in Florida and earthquakes in California.”  He says other catastrophes in Australia and Chile have also meant big payouts.

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About Karen Olson

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