Europe windstorms News

Final Insured Loss for Germany’s Cyclone Xavier in 2017 Estimated at €324M: PERILS

The final insured property market losses for Extratropical Cyclone Xavier, based on loss data collected from affected insurers, is €324 million ($372.5 million), according to estimates issued by PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. This …

Insured Losses for Europe’s Storm Burglind/Eleanor Rise to €724M ($842.3M): PERILS

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 …

Insured Losses for Europe’s Storm Burglind/Eleanor Rise to €680M ($837.8M): PERILS

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 …

Europe’s Windstorm Burglind (aka Eleanor) Estimated to Cost $802.5M: PERILS

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 Europe’s Storm Eleanor/Burglind Estimated at $1.3B-$1.9B: AIR

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 …

Insured Losses for Germany’s Cyclone Xavier Rise to US$391.5M: PERILS

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’ …

Insured Losses for Cyclone Xavier in Germany Estimated at $343.6M: 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 …

Weather Events in U.S., Australia Cost Insurers $1B+ in February: Aon

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 Releases Updated Europe Windstorm, North Atlantic Hurricane Models

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 Unit Places $300 Million Cat Bond for Catlin

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 …