Cyclone Friederike insured losses at €1.7bn: PERILS
The re/insurance industry loss from extratropical cyclone Friederike (also called David) has reached €1.68 billion, according to Zurich-based catastrophe insurance data provider PERILS.
The storm caused significant damage across the British Isles, Belgium, the Netherlands and Germany on 17 and 18 January 2018. The majority of the losses occurred in Germany and the Netherlands. The total market loss from Friederike is said to be the highest since winter storm Klaus hit France on 24 January 2009.
PERILS’ third estimate of the insured property market loss for Friederike is based on loss data collected from affected insurers, and compares to its previous loss estimate from 17 April 2018 of €1.63 billion.
Get all the latest re/insurance industry news with our daily newsletter - sign up here.
More of today's news
Advent syndicate gets downgraded due to Brit transfer deal
Third Point Re makes senior underwriting hires from Chubb, Munich Re
Underwriting profits to rise in 2018
Charles Taylor Managing Agency swoops for Capita CEO
Chubb taps Everest exec to lead North America claims
Gallagher snaps up US commercial broker and MGA Jack Nebel
Willis appoints new health care leader in CRB business
SubroSmart launches London operations
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze