Loss Announcement:

PERILS discloses second loss estimate for windstorm «Dirk» of EUR 352m

Zurich - 23 Mar 2014

PERILS AG has today disclosed its second loss estimate for windstorm Dirk which affected the UK and France from 23 to 25 December 2013. 

The revised estimate of the property insurance market loss for Dirk is EUR 352 million. This compares to the first loss estimate of EUR 275 million which was issued by PERILS on 3 February 2014. Both estimates exclude losses indemnified by government schemes such as CatNat in France.

In line with the PERILS loss reporting schedule, the third loss estimate for Dirk will be published on 23 June 2014. For subscribers to the PERILS database, 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.