european windstorm

Leading reinsurer Swiss Re has brought to light the potential for unprecedented insurance industry losses from three historical European windstorms if they occurred today, underlining that the costs to the insurance and reinsurance industry would be extremely significant.

PERILS AG, the provider of industry-wide European catastrophe exposure, industry loss data and indices, has launched a new website called Wind-Jeannie which provides forecasts of potential industry losses from European windstorms.

The Pylon II Capital Ltd. catastrophe bond that was issued in 2011 on behalf of ultimate sponsor energy firm Électricité De France (EDF), is to be redeemed early as at the latest reset the trigger levels had decreased.

PERILS AG has lowered its insurance industry loss estimate for January 2015’s European windstorms Elon-Felix from the last report of €335m down to a reduced €328m, which is back to where the first estimate for this storm was reported.

Two market factors are likely responsible for a slow-down in the use of industry loss data provided by PERILS AG, the excess capital in reinsurance has reduced the need for retrocession, while the rise of indemnity trigger popularity has dominated trigger use.

New risk models for European windstorms and North Atlantic hurricanes have been released by RMS, offering insurance, reinsurance and ILS market users the ability to make enhanced risk selection and portfolio management decisions.

PERILS AG, provider of industry-wide European catastrophe exposure, industry loss data and indices, has released an updated estimate of €335m for insurance industry losses from January’s European windstorms Elon-Felix.

PERILS AG has released the 2015 update of its industry exposure database, which now includes property sums insured for Austria Wind, and shows that European windstorm insured exposures are up 3.0% on a constant FX rate basis.

PERILS AG, the Swiss headquartered provider of industry-wide European catastrophe exposure, industry loss data and indices, has released its first estimate for the 2014/15 season, with an estimate of €328m for European windstorms Elon-Felix.

The final insurance industry loss estimate for European windstorm Tini, which struck in February 2014, has been put at at €286m by PERILS AG, the Swiss headquartered provider of industry-wide European catastrophe exposure, industry loss data and indices.