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The carriers were in arbitration with UnipolRe and Gen Re. -
A so-called atmospheric river effect is behind the severe weather.
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The figure represents a 26% increase on the previous estimate.
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Most of the losses occurred in France, followed by the UK and Belgium.
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The insurer says Greensill's claim "arises out of a fraudulent scheme”.
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The talks must be completed by 28 June to avoid a trial.
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The final estimate is a 12% increase on an August tally of NZ$1.99bn.
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Convective storms cost more than ever, but activity was not exceptional.
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The increase can be attributed to the Christmas storms of 2023.
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The court gave a mixed ruling on subjects including coverage, aggregation and furlough.
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Storm Ciarán incurred insured losses of EUR1.9bn, according to WTW’s natural catastrophe report for July to December.
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The broker’s latest climate report tallied global insured cat losses at $118bn.
