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There are 7,500 properties impacted by a high depth of water according to the satellite operator and flood monitor for the insurance industry. -
Experts have pegged the economic losses in the billions of euros, according to reports.
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The deaths were reported in the town of Bad Neuenahr-Ahrweiler, south of Bonn and west of the Rhine river.
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The storm was the earliest named E storm, forming nearly six weeks earlier than average.
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A rampaging cat bond market should lead more cedants to consider its long-term advantages.
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It was upgraded to a category one hurricane by the National Hurricane Centre last night before being downgraded in a public advisory at 2am (EDT).
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Elsa has strengthened to a Category 1 hurricane ahead of landfall on west coast of Florida, become the first hurricane to make landfall so far this year.
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The European Insurance and Occupational Pensions Authority (Eiopa) gave the projection in its June financial stability report.
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Austria and the Czech Republic are likely to record their most costly convective storms on record.
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The rebrand follows a last-minute acquisition of the firm by Aquiline-owned Lloyd’s syndicate ERS, in December of last year.
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The executive has worked for Ergo, Direct Line and Generali.
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The flooding that took place in mid-March across Australia’s east coast states was labelled the worst in 60 years.
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