Loss Announcement:

PERILS discloses second loss estimate for extratropical cyclone Egon of EUR 234m

Zurich - 12 Apr 2017

PERILS AG has today disclosed its second loss estimate for windstorm Egon which affected France and Germany on 12 and 13 January 2017. The cold front associated with Egon also resulted in heavy rain and snowfall.

The revised estimate of the property insurance market loss is EUR 234 million. This compares to the initial loss estimate of EUR 212 million which was issued by PERILS on 23 February 2017.

In line with the PERILS loss reporting schedule, the third loss estimate for Egon will be published on 12 July 2017. The third and any following loss estimates will be provided in full resolution, i.e. by CRESTA zone and by the property sub-lines Residential, Commercial, Industrial and Agricultural.

Subscribers to the PERILS Industry Exposure & Loss Database can find more information about Egon under “Industry Loss”.