Catastrophe loss data aggregator, PERILS AG, has provided an initial insured property loss estimate for Extratropical Cyclone Burglind, also known as Eleanor, of €643 million (US$781mn).
The storm struck between the 2nd and 3rd of January, 2018, and caused significant damage to parts of Austria, Belgium, France, Germany, Ireland, Luxembourg, the Netherlands, Switzerland, and the United Kingdom.
The event was named Burglind by the Free University of Berlin and Eleanor by the Irish and UK national weather services, and impacted large parts of Western Europe and the British Isles. The storm claimed the lives of six people in France.
According to PERILS, the insured industry loss levels for individual countries were not unusual, with Switzerland being the exception, where the storm loss as estimated by PERILS is anticipated to be reached once in roughly every 13 years.
Gusts exceeded 160km/h in Switzerland, France and Germany, where most of the insurance industry losses occurred, according to PERILS.
The company will release an update to the loss estimate on April 2nd, 2018, three months after the event start date.