Updated windstorm Christian estimate pegs losses at more than 1 billion euros

Losses from windstorm Christian, which hit western and northern Europe in late October, are now pegged at 1.068 billion euros, PERILS AG said in an updated estimated this week. This second, revised estimate of the property insurance market loss compares to the first loss estimate of 994 million euros, which was issued by PERILS on […]

By Canadian Underwriter, | January 28, 2014 | Last updated on October 30, 2024

1 min read

Losses from windstorm Christian, which hit western and northern Europe in late October, are now pegged at 1.068 billion euros, PERILS AG said in an updated estimated this week.

This second, revised estimate of the property insurance market loss compares to the first loss estimate of 994 million euros, which was issued by PERILS on Dec. 6 last year.

PERILS’ loss estimates represent the market-wide insured property loss and are based on ultimate gross loss estimates as reported by insurance companies writing property business in the affected territories. The estimates exclude losses indemnified by government schemes, such as CatNat in France.

The third loss estimate for Christian will be published on April 27.

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