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German flood insurance losses likely EUR 1 billion: Fitch

7th June 2016

Insurance industry losses from recent floods in Germany will likely reach the EUR 1 billion ($1.14 billion) point, according to Fitch Ratings. The losses may weaken the underwriting profitability of the sector and, on top of losses in France and other European countries, are likely to hit some reinsurance layers.

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AIR puts insured losses from German floods at up to EUR 5.8 Billion

20th June 2013

Risk modelling firm AIR Worldwide has released an estimate for insured losses in Germany resulting from the recent flooding events across Central Europe. AIR estimates insured losses in Germany to be between €4 billion and €5.8 billion, that’s up to $7.7 billion in USD. The flood event is ongoing so any insured loss estimates could […]

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European floods could produce record losses in Germany: Fitch

12th June 2013

Fitch Ratings has said in an update that it expects the recent European flooding, which hit Central Europe particularly hard, may cause insured losses of €3 billion in Germany alone. In the update published yesterday 11th June, Fitch said it expects the floods in Europe this year will be even more costly than the 2002 […]

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