european windstorm

Zurich-based PERILS AG, provider of industry-wide European catastrophe insurance exposure, industry loss data and indices widely used by insurance-linked securities issuers, has released an initial loss estimate for December’s European windstorm Xaver.

Zurich based independent provider of industry-wide European catastrophe insurance loss data and indices to reinsurers and ILS specialists, PERILS AG, has added six more European windstorms to its list of storms to investigate, taking the tally to nine so far this season.

The winter storm season in Europe looks set to add additional pressure to any insurers and reinsurers that are already feeling the pinch due to declining property catastrophe renewal rates, as losses from European windstorm and flooding start to mount.

Zurich based independent provider of industry wide Euro catastrophe insurance loss data and indices to reinsurers and ILS specialists, PERILS AG, has added Dirk to its list of European windstorms to investigate, taking the tally to three so far this season.

Risk modelling firm AIR Worldwide has released an estimate of the insurance industry losses from last weeks European windstorm Xaver. AIR estimates an insured loss of €700m to €1.4 billion but only from Xaver’s wind impact, not including surge or flood.

Insurance-linked securities (ILS) and reinsurance-linked investment manager Credit Suisse has issued its first estimate for the insurance industry loss tally likely to stem from last week’s European windstorm Xaver.

European windstorm Xaver has now begun to dissipate, having impacted many northern European countries and caused widespread damage from high winds, which reached hurricane force and above, as well as the worst storm surge seen in 60 years.

Zurich based PERILS AG, independent provider of industry-wide European catastrophe insurance loss data and indices to reinsurers and ILS specialists, told Artemis today that it will be analysing the impacts of European windstorm Xaver to assess whether it has caused a sufficient insurance industry loss to qualify for full reporting.

Zurich based PERILS AG, an independent provider of industry-wide European catastrophe insurance exposure, industry loss data and indices, has released its first estimate of industry wide insured property losses for October’s European windstorm Christian.

The threat posed to European insurers and reinsurers by the peril of European windstorms is once again front of mind as meteorological agencies put out warnings for a deep area of low pressure expected to hit Norther Europe today named European windstorm Xaver.