Insight and Intelligence on the London & International Insurance Markets

22 February 2012

Perils estimates EUR300mn Windstorm Joachim industry loss

26 January 2012

Perils, the European industry exposure and loss calculation firm, has estimated an initial industry loss of EUR300mn for windstorm Joachim, which swept through France, Germany and Switzerland from 15-17 December.

The estimate represents the ultimate gross losses as reported by primary insurance companies but excludes losses indemnified by the French government's natural catastrophe scheme.

Perils will provide an updated loss estimate on Joachim on 15 March.

The firm will not report loss estimates for Scandinavian windstorms Xaver and Yoda or...

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