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Perils adds New Zealand to cat coverage

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Catastrophe data company Perils has expanded its coverage to include New Zealand.

The Swiss-based business will now provide property sums insured exposed to earthquakes, floods and extra-tropical cyclones.

It will also offer loss data for the covered perils if it produced market losses of $NZ300 million ($280 million) and above.

Perils already offer similar coverage for Australia, the UK and many other European countries.