European windstorm Xaver

PERILS AG, a Zurich, Switzerland headquartered provider of industry-wide European catastrophe exposure, industry loss data and indices, has released its final insurance industry loss estimate for European windstorm Xaver with a total of €763m.

PERILS AG, the Swiss-based provider of industry-wide European catastrophe insurance exposure, industry loss data and indices, has disclosed its third industry-wide insured loss estimate for European windstorm Xaver, increasing it from €727m to €759m.

Zurich based PERILS AG, a provider of industry-wide European catastrophe insurance exposure, industry loss data and indices widely used by insurance-linked securities issuers, has upped its loss estimate for European windstorm Xaver to €727m.

Zurich-based PERILS AG, provider of industry-wide European catastrophe insurance exposure, industry loss data and indices widely used by insurance-linked securities issuers, has released an initial loss estimate for December’s European windstorm Xaver.

Risk modelling firm AIR Worldwide has released an estimate of the insurance industry losses from last weeks European windstorm Xaver. AIR estimates an insured loss of €700m to €1.4 billion but only from Xaver’s wind impact, not including surge or flood.

Insurance-linked securities (ILS) and reinsurance-linked investment manager Credit Suisse has issued its first estimate for the insurance industry loss tally likely to stem from last week’s European windstorm Xaver.

Investment in flood defences across Northern Europe have proved their worth and will likely keep insured losses from European windstorm Xaver significantly lower than they would have been a decade or two earlier, according to experts.

Two insurance-linked securities (ILS) investment management firms have provided updates stating that they do not expect any impact to catastrophe bonds from last week European windstorm Xaver.

European windstorm Xaver has now begun to dissipate, having impacted many northern European countries and caused widespread damage from high winds, which reached hurricane force and above, as well as the worst storm surge seen in 60 years.

Zurich based PERILS AG, independent provider of industry-wide European catastrophe insurance loss data and indices to reinsurers and ILS specialists, told Artemis today that it will be analysing the impacts of European windstorm Xaver to assess whether it has caused a sufficient insurance industry loss to qualify for full reporting.