European windstorms News

Loss Estimate for Europe’s Storm Friederike (aka DAVID) Rises to €1.7B ($2.0B): PERILS

The third insured loss estimate for extratropical Cyclone Friederike, also known as “David,” has risen to €1.675 billion ($2.0 billion), according to PERILS, the independent Zurich-based organisation that provides industry-wide catastrophe insurance data. PERILS’ third estimate of the insured property …

Insured Losses from Europe’s Storm Friederike Rise to €1.63B (US$2.0B): PERILS

PERILS AG has issued its second loss estimate of €1.63 billion for Europe’s windstorm Friederike, also known as David. Friederike caused property damage in the British Isles, Belgium, the Netherlands and Germany on Jan. 17-18, 2018, said PERILS, the independent …

PERILS Issues Updated Industry Exposure Database for Australia, Europe & Turkey

PERILS AG, the independent Zurich-based company that provides industry-wide catastrophe insurance data, has released a 2018 update of its Industry Exposure Database (IED). The updated country IEDs have again been produced from scratch, based on exposure information received from more …

PERILS Revises Loss Estimate for Europe’s Windstorm Zeus to €272M ($335.1M)

The final estimate of insured property market losses for extratropical cyclone Zeus, which mainly hit France last year on March 6-7, have been revised to €272 million (US$335.1 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe …

Europe’s Storm Friederike (aka David) to Cost Insurers €1.5B (US$1.8B): PERILS

The initial insured price tag for Extratropical Cyclone Friederike, also known as David, is an estimated €1.5 billion (US$1.8 billion), according to PERILS, the independent Zurich-based organization that provides industry catastrophe insurance data. The event caused significant property damage across …

PERILS Releases Final Loss Estimate of €248M for Cyclone Thomas/Doris

Extratropical cyclone Thomas, also known as Doris in the UK and Ireland, had an insured price tag of €248 million ($305.4 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. This fourth and final insured …

January Windstorms to Cost Europe’s Insurers More Than $2B: Aon

European windstorms Friederike, Eleanor and Carmen wreaked widespread damage in January, causing insured losses of more than $2 billion, according to a report published by Impact Forecasting, Aon Benfield’s catastrophe model development team. Of the Atlantic storm systems that hit …

PERILS Raises Insured Loss Estimate for Germany-Austria’s Cyclone Herwart

PERILS AG has raised the loss estimate for windstorm Herwart which hit Austria and Germany on Oct. 29, 2017 to €255 million ($316.9 million). This compares to the initial loss estimate of €252 million ($313.2 million) which was issued on …

Insured Losses for Europe’s Storm Egon Finalized at $329.7M by PERILS

The final insured loss estimate for windstorm Egon, which primarily affected France and Germany on Jan. 12-13, 2017, is €275 million (329.7 million), according to PERILS AG, the independent Zurich-based company that provides industry-wide catastrophe insurance data. This final and …

Insured Losses for Germany-Austria’s Storm Herwart Estimated at $337.3M: PERILS

The initial insured property loss estimate for Extratropical Cyclone Herwart, which hit Austria and Germany on Oct. 29, 2017, is €252 million ($337.3 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. In line with …