Hopefully you will have read our previous post about the damaging windstorm which hit France and Spain at the weekend. Windstorm Klaus tore through these areas causing widespread damage and killing upwards of twenty people. Loss estimates have not yet been released but there is a risk of impact to catastrophe bonds which have exposure to european windstorms.
Here are some useful links with cat updates on the storm.
Risk Management Solutions windstorm Klaus cat update.
Guy Carpenters Klaus Instrat Cat-i report (in PDF format).
EQECATs preliminary report on extra-tropical storm Klaus (in PDF format).
These reports clearly demonstrate the extent of the damage and give a good idea of the magnitude of losses that can be expected to emerge as estimates come in.
We’ll continue to keep you updated as more information comes to light.