Hawkes Bay Today
  • Hawke's Bay Today home
  • Latest news
  • Sport
  • Business
  • Opinion
  • Lifestyle
  • Property
  • Video
  • Death notices
  • Classifieds

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • On The Up
  • Sport
  • Business
  • Opinion
  • Lifestyle
  • Property
    • All Property
    • Residential property listings
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology

Locations

  • Napier
  • Hastings
  • Havelock North
  • Central Hawke's Bay
  • Tararua

Media

  • Video
  • Photo galleries
  • Today's Paper - E-Editions
  • Photo sales
  • Classifieds

Weather

  • Napier
  • Hastings
  • Dannevirke
  • Gisborne

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In

Advertisement
Advertise with NZME.
Home / Hawkes Bay Today

Bremworth secures $104.2m settlement after Cyclone Gabrielle damage

RNZ
7 Feb, 2025 12:51 AMQuick Read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save
    Share this article
Insurers have already paid out $62 million to Bremworth, and the balance of $42.2 million was expected to be paid as soon as possible. Photo / Supplied

Insurers have already paid out $62 million to Bremworth, and the balance of $42.2 million was expected to be paid as soon as possible. Photo / Supplied

By RNZ

Bremworth has reached a final multimillion-dollar settlement with its insurers following severe damage and disruption at its Napier plant from Cyclone Gabrielle in February 2023.

The wool carpet manufacturer’s chief executive, Greg Smith, said the agreed settlement was $104.2 million to cover loss of or damage to its property, plant, equipment and consequent disruption to business.

Smith said the significant settlement meant Bremworth could confidently assess what the best approach was to continue to rebuild the business to pre-cyclone capacity.

He said it had already reinstated its Napier dyehouse and related services as well as a yarn-twisting line, and other yarn-finishing equipment was also nearing completion.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

Insurers have already paid out $62m to Bremworth, and the balance of $42.2m was expected to be paid as soon as possible.

Smith said the settlement was significant, and would also mean the company could look at different production lines in the future.

Bremworth chair George Adams said the insurance claims had been complex and time-consuming, and he was pleased with the outcome and support received from the insurers throughout the process.

Advertisement
Advertise with NZME.

The NZX-listed company will release its latest half-year results nearer the end of this month.


Save
    Share this article

Latest from Hawkes Bay Today

Opinion

How I built a Napier Christmas lighting empire

19 Sep 06:00 PM
Premium
Opinion

Mortgage, rates, insurance - Buying a house now consumes our entire financial capacity

19 Sep 06:00 PM
Hawkes Bay Today

Join the spearfishing club: 'I just really want it to flourish'

19 Sep 06:00 PM

Sponsored

Kiwi campaign keeps on giving

07 Sep 12:00 PM
Advertisement
Advertise with NZME.

Latest from Hawkes Bay Today

How I built a Napier Christmas lighting empire
Opinion

How I built a Napier Christmas lighting empire

For Mark Williams life is about adapting, pushing boundaries, and outshining expectations.

19 Sep 06:00 PM
Premium
Premium
Mortgage, rates, insurance - Buying a house now consumes our entire financial capacity
Opinion

Mortgage, rates, insurance - Buying a house now consumes our entire financial capacity

19 Sep 06:00 PM
Join the spearfishing club: 'I just really want it to flourish'
Hawkes Bay Today

Join the spearfishing club: 'I just really want it to flourish'

19 Sep 06:00 PM


Kiwi campaign keeps on giving
Sponsored

Kiwi campaign keeps on giving

07 Sep 12:00 PM
NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • Hawke's Bay Today e-edition
  • Manage your print subscription
  • Manage your digital subscription
  • Subscribe to Herald Premium
  • Subscribe to the Hawke's Bay Today
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • Hawke's Bay Today
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • NZME Events
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • © Copyright 2025 NZME Publishing Limited
TOP