New Caledonia riots could contribute to Q2 cat budget stretch at Scor: Jefferies
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New Caledonia riots could contribute to Q2 cat budget stretch at Scor: Jefferies

Riots erupted in the Pacific Island territory last month over electoral reforms.

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Noumea, France. 23rd May, 2024. Protesters wave Kanak flags at an independantist roadblock in Avenue d'Auteuil in Noumea, France's Pacific territory of New Caledonia, on May 22, 2024. French security forces will remain in New Caledonia as long as necessar
Photo: Alamy

Insured losses from the ongoing New Caledonia riots has been pegged at around $1bn by the Comité des Entreprises d'Assurances de Nouvelle-Calédonie (COSODA) and the Chambre de Commerce et d'Industrie de Nouvelle-Calédonie (CCI NC), according to a Jefferies note.

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