Perils ups Dragi-Eberhard loss estimate to almost €800 million

PERILS has updated its loss estimate for extratropical cyclone Dragi-Eberhard with a revised figure of €798 million. This is an increase from the initial loss of €740 million, which was issued by Perils on the 18th of April 2019.

The windstorm hit Britain, and Western and Central Europe on the 9th and 10th of March 2019, with the majority of the losses in Belgium, France and Germany.

A third estimate of the market loss for Dragi-Eberhard will be made available on the 9th of September 2019, six months after the event. Perils said that the loss information in the third set of figures, and any subsequent reports, would be provided by CRESTA Zone and Property lines of business.

Get all the latest re/insurance industry news with our daily newsletter -  sign up here.

More of today's news

Swiss Re moves ahead with IPO of UK life business ReAssure

‘Promising’ reinsurance price trends bring hope of ‘green shoots’ in 2019

NN Group, Athora to acquire Dutch insurer Vivat from Anbang

AIG hires Accenture talent for general insurance business

Sedgwick hires new director in Singapore