Reinsurers braced for ~EUR5bn loss from historic German flood event
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Reinsurers braced for ~EUR5bn loss from historic German flood event

GERMANY-WEATHER-FLOODS-STORMS

Underwriting sources anticipate insured losses could reach as high as EUR5bn ($5.9bn) from the flooding affecting Germany and other central European states, making it an event that will have far-reaching implications for continental cat business.