NZ insurers face second NZD1bn+ Q1 loss from Cyclone Gabrielle

Sarah JollyMarch 31, 2023
Flooded rural road during Cyclone Gabrielle, Aukland, New Zealand
Flooded road in Aukland, NZ. Credit: Shutterstock/Emagnetic

New Zealand’s Cyclone Gabrielle is expected to cost insurers NZD1.5bn ($938m), according to an initial estimate from catastrophe data firm Perils. The February storm followed just two weeks after floods affected many of the s...

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Sarah JollyMarch 31, 2023
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