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The Perils industry loss collation service has completed its first live cat loss estimate, putting losses from Windstorm Xynthia at EUR1.28bn.

All of the companies contracted to provide data to Perils responded to the data call, accounting for close to 50 percent of market share in those countries surveyed.

The Swiss-based firm collates data in a process analogous to that employed by US collator Property Claim Services.

Perils calculates losses from nine countries in Europe, although only six of these...

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  Perils estimates EUR1.28bn loss from Xynthia
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