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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