Loss Announcement:

PERILS discloses second loss estimate for extratropical cyclone Thomas of EUR 249m

Zurich - 23 May 2017

PERILS AG has today disclosed its second loss estimate for windstorm Thomas which is also known as Doris and which affected the British Isles, the Netherlands, Belgium and Germany on 23 and 24 February 2017.

The revised estimate of the property insurance market loss is EUR 249 million. This compares to the initial loss estimate of EUR 213 million which was issued by PERILS on 6 April 2017.

In line with the PERILS loss reporting schedule, the third loss estimate for Thomas will be published on 23 August 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 Thomas under “Industry Loss”.