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Loss from storm Ela hits $2.5B. 2014 insured catastrophe losses reach $17B

The world's largest reinsurer Munich Re has provided the highest insurance industry loss estimate for European severe hail and wind storm Ela, which struck Germany, France and Belgium on 9th June, in an update on 2014 insured natural catastrophe losses.The first estimates for storm Ela came from the German insurance read the full article →

Reported insured losses from storm Ela’s wind and hail pass $2 billion

Wind and hail storm Ela, which struck Europe on June 9th and 10th affecting large areas of France, Germany and neighbouring countries, now looks to have caused at least $2 billion of insurance industry losses.The German insurance industry association GDV said it had counted claims of nearly $900m (€650m) from read the full article →

Germany storm Ela’s $900m loss could hit collateralized reinsurance

Wind and hail storm Ela which caused approximately $900m of insured losses when it struck Germany on 9th - 10th June, is second most damaging summer storm seen in fifteen years according to the country's insurance association.Update: The reported insurance industry losses from Ela now pass $2 billion.Ela brought damaging read the full article →