Loss Announcement:

PERILS discloses second loss estimate for extratropical cyclone Herwart of EUR 255m

Zurich - 29 Jan 2018

PERILS AG has today disclosed its second loss estimate for windstorm Herwart which affected Austria and Germany on 29 October 2017. 

The revised estimate of the property insurance market loss is EUR 255 million. This compares to the initial loss estimate of EUR 252 million which was issued by PERILS on 11 December 2017. 

In line with the PERILS loss reporting schedule, the third loss estimate for Herwart will be released on 29 April 2018, six months after the event. This estimate and following loss estimates will be provided in full resolution, i.e. by CRESTA zone and by property lines of business. 

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