Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

24 February 2018

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Perils puts Cyclone Eleanor losses at EUR643mn

13 February 2018

Perils has given an initial loss estimate for extra-tropical Cyclone Eleanor of EUR 643mn ($789.3mn), coming in well below modelled loss projections that the storm could surpass EUR1bn in damages.

The storm struck swathes of western and central Europe on 2 January and 3 January.

AIR Worldwide had previously given an initial modelled loss estimate of EUR1.1bn to EUR1.6bn ($1.3bn-$1.9bn) for the same event.

Eleanor, also called Burglind, hit Austria, Belgium, France, Germany, Ireland, Luxembourg, the Netherlands, Switzerland, and the...

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