Reinsurance News

PERILS increases cyclone Dragi-Eberhard industry loss to €798m

7th June 2019 - Author: Charlie Wood

Catastrophe loss data aggregator PERILS has increased its initial €740 million loss estimate for windstorm Dragi-Eberhard to €798 million.


Source: picture alliance/dpa/D. Young

Dragi-Eberhard consisted of two low pressure systems that affected areas of the British Isles, and Western and Central Europe on 9 and 10 March 2019.

Given the storms affected similar regions across the British Isles, France, the Benelux States, Germany and Switzerland over the two days, PERILS decided that it was not possible to allocate specific insured losses to either named system.

In total, Dragi-Eberhard resulted in the deaths of three people, including two in Germany and one in Belgium.

The storm also affected the Czech Republic, Poland and Slovakia, but these countries were not covered by the PERILS loss survey.

A third estimate is due to be released on September 9, six months on from the event.

The loss information in this and any subsequent reports will be provided by CRESTA Zone and Property lines of business.

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