storm Ela

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.

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.

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.