Reinsurance News

perils

PERILS to assume management of CRESTA Secretariat

10th September 2018

Zurich-based catastrophe loss data aggregator PERILS has announced that it has taken over responsibility for the ongoing management of the CRESTA Secretariat, the global standard for managing natural perils insurance data. Established by the insurance and reinsurance industry in 1977 as an independent body, the Secretariat has previously been managed on ... 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 releases final AU $1.74bn Cyclone Debbie loss estimate

29th March 2018

PERILS has released a final loss estimate of AU $1.74 billion (US $1.33bn) for Tropical Cyclone Debbie which struck the Australian states of Queensland and New South Wales from 28th March 2017 until early April. This loss estimate is up by AU $82 million from PERILS' third loss estimate of AU ... Read the full article

UK & Ireland Hurricane Ophelia insured property market losses at EUR 60mn

27th November 2017

PERILS has released a EUR 60 million loss estimate for the UK and Ireland insured property market from the remnants of Hurricane Ophelia, which struck mid-October after trailing the U.S. East Coast. Ireland was hardest hit by the storm, incurring a market loss of EUR 49 million, while this figure came ... Read the full article

PERILS ups October 2016 Italy earthquake insured losses to $246mn

26th October 2017

PERILS has placed the final loss estimate for the 2016 October earthquake series in central Italy at U.S. $245.6 million, nearly double its January loss estimate of U.S. $146 million, which was issued three months after the event. The three major earthquakes with moment magnitudes of Mw 5.4, 5.9 and 6.5 ... Read the full article

PERILS ups Cyclone Debbie insured losses to AUD1.66 billion

28th September 2017

PERILS has released a third Cyclone Debbie loss estimate, using more detailed data available at postcode level for the first time, of AUD1.66 billion (US$1.3 billion), a figure up from its June loss estimate by AUD247 million. PERILS' latest loss estimate represents the first time collated insurance loss data from a ... Read the full article

PERILS based limits up 17% driven by Australia and Turkey

11th September 2017

Catastrophe insurance data provider PERILS AG said its recorded limits at risk are up 17% from a year ago at $3.1 billion after the firm added Australia and Turkey to its covered territories. Out of the total PERILS-based limits at risk, U.S. $3 billion cover Europe, U.S. $1.38 billion cover Australia ... Read the full article