The liquidator of New Zealand insurer Western Pacific expects to finish loss assessment on Canterbury earthquake claims by today – several months after its September 30 deadline.

Western Pacific collapsed in 2011 after the Canterbury quakes.

To date 172 of 214 known claims assessments have been completed by loss adjusters, according to the latest report to creditors.

Total net reinsurance recoveries are estimated at $NZ33.9 million ($31.3 million).

Total reinsurance recoveries yet to be received are estimated at $NZ28.1 million ($25.9 million).

David Ruscoe from liquidator Grant Thornton expects the liquidation will be completed this year.

“This is dependent on the loss assessment and reinsurance recovery work being completed in line with current expectations,” he says in the report.