The liquidator of failed New Zealand insurer Western Pacific expects to finish loss assessment of Canterbury earthquake claims by September 30.

Loss adjusters are dealing with 155 claims estimated at $NZ27.7 million ($24.72 million), and have assessed 42 claims of $NZ31.1 million ($27.75 million).

They have closed 10 claims without any payment being made, according to the latest creditors’ report.

Western Pacific collapsed in 2011 after the Canterbury earthquakes. Its only asset is $NZ32.19 million ($28.73 million) in reinsurance for estimated quake claims of $NZ58.8 million ($52.48 million).

Liquidators David Ruscoe and Richard Simpson of Grant Thornton have submitted $NZ16.3 million ($14.55 million) in claims to the reinsurance broker.

They say although 75% of claims are still being assessed, they are small in value.