From earthquakes to extensive floods and a cyclone, the recent sequence
of disasters in Australia and New Zealand has left thousands of people
reeling. Insurers and reinsurers were also rocked by extensive claims,
but reports that companies now may shun South Pacific markets are
greatly exaggerated, not least because the catastrophes raised public
awareness of the need for insurance. With their sights on new business
and greater profits, big reinsurers are actually moving down under. And,
Michael Sherris, a professor of Actuarial Studies at the Australian
School of Business, predicts it's just the beginning. More newcomers can
be expected as the industry adjusts its models and finds ways to