Zurich - 12 May 2014
PERILS AG has today disclosed its second loss estimate for windstorm Tini, also known as Darwin, which affected Ireland and the United Kingdom on 12 and 13 February 2014.
The revised estimate of the property insurance market loss is EUR 253 million. This compares to the first loss estimate of EUR 245 million which was issued by PERILS on 26 March 2014.
In line with the PERILS loss reporting schedule, the third loss estimate for Tini will be published on 12 August 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.