PERILS reduced European windstorm Joachim loss estimate again

Share

The insured loss estimate for European windstorm Joachim has been reduced again by PERILS AG, the independent Zurich-based company providing industry-wide European catastrophe insurance data and loss indices. European windstorm Joachim impacted Western Europe from 15 – 17 December 2011. In their last update on the storm in March, PERILS pegged the insured loss amount at €289m, which was down €11m from their earlier January update.

This is the third loss report for windstorm Joachim and now the data is available per CRESTA zone and property line of business. PERILS’ third property market loss estimate for European windstorm Joachim is €285m, another reduction of €4m from their March total.

As in our previous updates on the storm, it’s worth reiterating that this event isn’t expected have any impact to any catastrophe bonds with European windstorm exposure and also isn’t expected to impact any industry-loss warranties.

A fourth loss estimate for Joachim will be published on 15th December 2012.

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.

Read previous post:
Non-traditional reinsurance capacity puts pressure on traditional Bermuda

The analyst and research firm Keefe, Bruyette & Woods Inc. have published another of their reports looking at the Bermuda...

Close