windstorm Xavier 2017

The insurance and reinsurance industry loss estimate for European windstorm (or extratropical cyclone) Xavier, that hit Germany in October 2017, has been finalised at EUR 324 million by catastrophe data loss aggregation and estimation firm PERILS AG.

The insurance and reinsurance industry loss estimate for European windstorm (or extratropical cyclone) Xavier, which hit Germany in October, has been increased by almost 12% to EUR 325 million by catastrophe data loss aggregation and estimation firm PERILS AG.

European windstorm (or extratropical cyclone) Xavier is estimated to have caused an insurance and reinsurance industry loss of around EUR 291 million after it struck northern Europe, primarily impacting Germany, on the 5th October 2017.

Storm Xavier struck parts of northern Germany on October 5th with winds nearing hurricane strength in the capital city of Berlin and initial estimates suggesting that the insurance and reinsurance industry could face between EUR 150 million and EUR 200 million of losses from the storm.