PERILS Issues 3rd Insured Loss Estimate for Windstorm Tini – $375 Million

August 12, 2014

PERILS AG said its revised loss estimate for windstorm Tini, also known as Darwin, which affected Ireland and the United Kingdom on February 12 and 13, is €281 million [$375 million].

The third estimate of the property insurance market loss compares to the second loss estimate of €253 million [$338 million], which was issued by PERILS on 12 May 2014.

For subscribers to the PERILS database, the market loss data in this third loss report are available at a higher level of granularity, with losses per CRESTA zone (two-digit postcode level) and per property line of business.

In line with the PERILS loss reporting schedule, the fourth loss estimate for Tini will be published on 12 February 2015.

Source PERILS AG

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