22 March 2018

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Perils increases Xavier loss estimate to EUR325mn

5 January 2018

Industry loss modelling specialist Perils has disclosed its second loss estimate for windstorm Xavier which affected large swathes of Germany and neighboring countries on 5 October 2017.

The revised estimate of the property insurance market loss is EUR325mn, which compares to the initial loss estimate of EUR291mn which was issued on 16 November 2017.

In line with the Perils loss reporting schedule, the third loss estimate for Xavier will be released on 5 April 2018, six months after the event...

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