Sunday, November 6, 2016

Revised PERILS’ Loss Estimate from Windstorm Xaver Exceeds $1 Billion



PERILS AG has released its 0.33 loss estimate for windstorm Xaver, a hurricane which affected Western and northern Europe on December 5-6, 2013. Windstorm Xaver is likewise known as Sinterklaasstorm within the Netherlands, Bodil in Denmark and Sven in Sweden.
The revised estimate of the assets coverage market loss is €759 million [$1.0335 billion]. This compares to the second loss estimate of €727 million [$990 million], launched in March 2014.
“For subscribers to the PERILS database, the market loss information in this 1/3 loss record is available at a higher level of granularity, with losses consistent with CRESTA region (two-digit postcode degree) and consistent with belongings line of enterprise,” stated the announcement.
PERILS will post its fourth loss estimate for Xaver on December five, 2014.

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