Provinzial books worst-ever loss from Bernd as Deutsche Rück predicts EUR180mn retro claim
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Provinzial books worst-ever loss from Bernd as Deutsche Rück predicts EUR180mn retro claim

Fiona Robertson, 
Rachel Dalton
06 August 2021
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German personal lines carrier Provinzial has announced its loss from the Bernd flooding will be its most expensive ever at EUR761.3mn ($896.5mn), while Deutsche Rück will take a loss of EUR180mn-EUR230mn.

Information from German cedants is still in short supply following the devastating floods in mid-July, but there are a handful of notifications in the market, with Allianz announcing a EUR900mn loss today.

Provinzial

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