Loss Announcement:

PERILS discloses second loss estimate for extratropical cyclone Zeus of EUR 269m

Zurich - 06 Jun 2017

PERILS AG has today disclosed its second loss estimate for extratropical cyclone Zeus, which primarily affected France on 6 and 7 March 2017.

The revised estimate of the property insurance market loss is EUR 269 million. This compares to the initial loss estimate of EUR 192 million which was issued by PERILS on 13 April 2017.

In line with the PERILS loss reporting schedule, the third loss estimate for Zeus will be published on 6 September 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 Zeus under “Industry Loss”.