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 the renewals, which the New Zealand Natural Hazards Commission has said is a record size and was secured with efficient pricing.
The organisation has been building up disaster reinsurance protection for risks in New Zealand in recent years and said the growth in the tower at the 2026 renewal reflects global reinsurance market confidence in the country’s natural hazards insurance scheme.
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