Reinsurance News

European windstorm Friederike

PERILS finalises storm Friederike industry loss at €1.672bn

17th January 2019

Catastrophe loss data aggregator PERILS has released its final re/insured loss estimate for Extratropical Cyclone Friederike, also known as David, putting the total at €1.672 billion (US $1.91 billion). In keeping with PERILS’ reporting schedule, the final loss figure was released 12 months after the original event, and represents a slim ... Read the full article

PERILS increases loss estimate for European windstorm Friederike by €46m

17th July 2018

Zurich-based catastrophe loss data aggregator PERILS has increased its third loss estimate for European windstorm Friederike, also known as David, by €46 million. Windstorm Friederike caused significant damage as it swept through the British Isles, Belgium, the Netherlands, and Germany over January 17 and 18, 2018. PERILS’ third estimate, based on loss ... Read the full article

PERILS increases windstorm Friederike loss estimate to €1.629bn

17th April 2018

PERILS AG has revealed its second loss estimate for European windstorm Friederike, placing damages at €1.629 billion (approximately US $2.0 billion), a slight increase from its original estimate of €1.465 billion ($1.8 billion). Windstorm Friederike, also known as David, caused significant damage as it swept through the British Isles, Belgium, ... Read the full article

PERILS puts European windstorm Friederike insured property loss at €1.5 bn

28th February 2018

PERILS has placed an initial estimate of insured property market loss for extratropical cyclone Friederike at about EUR 1.5 billion, with the majority of losses occurring in Germany and the Netherlands. The cyclone struck Europe between the 17th to 19th of January 2018, leaving significant damage across the British Isles, Belgium, ... Read the full article

AIR puts European windstorm Friederike insured loss at up to €2.6bn

25th January 2018

European windstorm Friederike, which struck parts of Ireland and the United Kingdom before moving towards continental Europe where the impacts from the storm were seen as more severe, is expected to result in an insurance industry loss of between €1.3 billion (US$1.6bn) and €2.6 billion (US$3.3bn), according to catastrophe risk modeller, ... Read the full article