The estimate of insured losses from Europe’s windstorm Burglind, also known as Eleanor, have risen to €724 million (US$842.3 million), according to PERILS, the Zurich-based organization that provides industry-wide catastrophe insurance data. This third loss estimate from PERILS has risen …
The estimate of insured losses from Europe’s windstorm Burglind, also known as Eleanor, have risen to €680 million (US$837.8 million), according to PERILS, the Zurich-based organization that provides industry-wide catastrophe insurance data. This second loss estimate for Burglind has risen …
Initial insured losses for Extratropical Cyclone Burglind (also known as Eleanor) are estimated at €643 million (US$802.5 million), according to PERILS, the Zurich-based organization that provides industry-wide catastrophe insurance data. On Jan. 2-3, the event caused significant damage across Austria, …
Insured losses from winter Storm Eleanor/Burglind, which hit northern Europe on Jan. 3, will range between €1.1 billion ($1.3 billion) and €1.6 billion ($1.9 billion), according to estimates from catastrophe modeling firm AIR Worldwide. The majority of wind-related losses are …
The insured property market loss for Extratropical Cyclone Xavier, which affected Germany on Oct. 5, 2017, has risen to €325 million (US$391.5 million)., according to data released by PERILS, the independent Zurich-based organization that provides industry catastrophe insurance data. PERILS’ …
The initial estimate of the insured property market loss for Extratropical Cyclone Xavier, which primarily affected Germany on Oct. 5, 2017, is €291 million (US$343.6 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. In …
Insurers face claims of more than US$1.0 billion as a result of severe weather events in the U.S. and Australia during February, according to a report published by Impact Forecasting, Aon Benfield’s catastrophe model development team. The report discussed the …
RMS, the Newark, Calif.-based catastrophe risk management firm, has released updated RMS Europe windstorm models and North Atlantic hurricane models. The 15.0 RMS Europe Windstorm Models’ hazard and vulnerability components have been updated to strengthen risk selection and portfolio management …
Willis Capital Markets & Advisory (WCMA), the capital markets and advisory business of Willis Group Holdings, the global risk advisor, insurance and reinsurance broker, announced that it has structured and placed a $300 million catastrophe bond transaction sponsored by Catlin …
