PERILS Updates Loss Estimates from Windstorm Joachim

Swiss based insurance advisor PERILS has issued an updated loss report for windstorm Joachim, which occurred from December 15 to 17, 2011 in Western Europe.

PERILS’ third property market loss announcement estimates for Joachim is €285 million [$359 million], slightly below the second loss estimate of €289 million [$364 million] which was issued on March 15, 2012.

“With this third loss report, Joachim loss data are now available per CRESTA zone and property line of business,” said the announcement.

Source: PERILS