EQC pleased with deal increasing its reinsurance cover
The cost of reinsurance is just under $210 million.
The cost of the Earthquake Commission’s reinsurance cover has gone up by 11% but it has increased its cover by 12.5%.
EQC chief financial officer Fraser Gardiner said the new reinsurance cover of nearly $7 billion would cost just under $210 million for the 2021-22 year, which represented about
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