PERILS ups European windstorm Tini loss estimate to €253m

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PERILS AG, the Zurich-based provider of industry-wide European catastrophe insurance exposure, industry loss data and indices, has published a second loss estimate for European windstorm Tini, increasing the initial estimate slightly from €245m to €253m.

European windstorm Tini, also known as Darwin in some countries of Europe, impacted the UK and Ireland on 12th and 13th February 2014, with the majority of the losses occurring in those two countries.

After the event PERILS’ announced an initial estimate of the insured property market loss for Tini of €245m. Today it has announced a small increase to €253m (approximately £206m or $350m) based on ultimate gross loss data as reported by primary insurance companies.

More detail is available to subscribers to PERILS service. The third loss estimate for windstorm Tini will be made available on the 12th August 2014.

Update on all European catastrophe events investigated by PERILS AG from this winter:

Event nameEvent start datePerilStatusEstimate
Ev14 Mar 2014WindstormNon-qualifying
Ulla14 Feb 2014WindstormNon-qualifying
Tini12 Feb 2014WindstormQualifying€253m
UK FloodsVarious – Jan/Feb 2014FloodNon-qualifying
Ruth08 Feb 2014WindstormNon-qualifying
Qumaira06 Feb 2014WindstormNon-qualifying
Petra04 Feb 2014WindstormNon-qualifying
Nadja31 Jan 2014WindstormNon-qualifying
Christina05 Jan 2014WindstormNon-qualifying
Anne02 Jan 2014WindstormNon-qualifying
Gerhard01 Jan 2014WindstormNon-qualifying
Felix30 Dec 2013WindstormNon-qualifying
Erich26 Dec 2013WindstormNon-qualifying
Dirk23 Dec 2013WindstormQualifying€352 million
Bernd18 Dec 2013WindstormNon-qualifying
Xaver05 Dec 2013WindstormQualifying€727 million
Christian27 Oct 2013WindstormQualifying€1.091 billion
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