Reinsurance News

Insured loss in Germany from storm Thomas/Doris roughly €100 million: MSK

27th February 2017 - Author: Luke Gallin

The impact of European windstorm Thomas (or Doris) is expected to result in an insurance industry loss in Germany of roughly €100 million (US$105.8mn), according to German actuarial consulting firm, Meyerthole Siems Kohlruss (MSK).

Reports have described European windstorm Thomas as the strongest storm of the 2016/2017 winter storm season, so far. And the damage the storm caused in parts of Germany on Thursday evening and into Friday, February 24th, 2017, is expected to result in an insurance industry loss in the region of around €100 million.

The Chief Executive Officer (CEO) of MSK, Onnes Siems, said “Much like his predecessor
EGON In mid-January, THOMAS was also fast-paced,” adding that the damage caused would likely cost the German insurance industry “around €100 million.”

MSK explains that the storm’s main wind field, which had low-land gusts of up to 100 kmh, extended from North Rhine-Westphalia to Saxony.

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