Zurich - 05 Jan 2018
PERILS discloses second loss estimate for extratropical cyclone Xavier of EUR 325m
PERILS AG has today disclosed its second loss estimate for windstorm Xavier which affected Germany on 5 October 2017.
The revised estimate of the property insurance market loss is EUR 325 million. This compares to the initial loss estimate of EUR 291 million which was issued by PERILS on 16 November 2017.
In line with the PERILS loss reporting schedule, the third loss estimate for Xavier will be released on 5 April 2018, six months after the event. The third 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 Xavier in the PERILS Portal under “Industry Loss”.