The insurance and reinsurance industry loss from European windstorm (extratropical cyclone) Zeus, which struck France in March 2017, has been reduced for the final estimate by PERILS AG, falling from EUR 284 million to a now finalised EUR 272 million.Initially, PERILS had pegged the windstorm Zeus loss at EUR 192 read the full article →
PERILS AG, the provider of industry loss data and triggers, has increased its estimate of the impact to the insurance and reinsurance industry from European windstorm (extratropical cyclone) Zeus, which struck France in March 2017 by another 6% to EUR 284 million.Previously, PERILS had pegged the windstorm Zeus loss at read the full article →
The estimate of insurance and reinsurance market losses caused by European windstorm (extratropical cyclone) Zeus, which struck France in March, has been increased by 40% to EUR 269 million (US$303 million) by PERILS AG, the catastrophe loss data provider.PERILS came out with an initial loss estimate for windstorm Zeus in read the full article →
Another outbreak of severe thunderstorms and convective weather resulting in numerous tornado, hail and strong wind reports across the central U.S., and European windstorm Zeus which slammed into France causing widespread impacts are likely to drive insured losses this week.Both events may have ramifications for reinsurance and ILS capital sources, read the full article →
