SiriusPoint adds EUR40mn-EUR70mn to Bernd Q3 loss estimate
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SiriusPoint adds EUR40mn-EUR70mn to Bernd Q3 loss estimate

SiriusPoint logo bermuda v2.jpg

SiriusPoint has more than doubled its Q3 loss estimate for the European floods in July to $70mn-$100mn, up from its original $30mn figure.

Low-pressure area Bernd caused widespread flooding in parts of Germany, Belgium, France, Luxembourg and the Netherlands in mid-July.

The estimated insured losses have risen steadily since, from an initial industry-wide estimate of EUR5bn-EUR10bn this week.

The

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