PERILS News

Insured Property Losses for December 2018 Sydney Hailstorms Rise to A$766M: PERILS

Insured losses for the hailstorms, which hit the greater Sydney region on Dec. 20, 2018, have risen to A$766 million (US$526.6 million), according to PERILS, in its third loss estimate for the storms. PERILS, the independent Zurich-based organization that provides …

PERILS Buys Canada’s Catastrophe Loss & Exposure Analysis Firm CatIQ

PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has acquired Toronto-based Catastrophe Indices & Quantification Inc. (CatIQ). Financial details of the deal were not disclosed. Established in 2014, CatIQ provides catastrophe loss and exposure information in Canada, …

Insured Loss Estimate for European Storm Dragi-Eberhard Rises to €798M ($898.1M)

PERILS AG has disclosed its second loss estimate of €798 million ($898.1 million) for windstorm Dragi-Eberhard. This estimate compares to the initial loss estimate of €740 million ($832.9 million) which was issued by PERILS on April 18, 2019. Storm Dragi-Eberhard …

Loss Estimate for Australia’s Townsville Flood Rises to A$1.041 Billion: PERILS

Insured property losses for floods that affected northern Queensland, Australia, and in particular the city of Townsville, have risen to A$1.041 billion ($727 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. This second estimate …

Europe’s Storm Dragi-Eberhard Costs Insurers Estimated €740M ($831.8M): PERILS

The initial insured property losses for extratropical cyclone “Dragi-Eberhard,” which hit the British Isles, and Western and Central Europe on March 9-10, 2019, are estimated at €740 million ($831.8 million), according to PERILS, the independent Zurich-based organization that provides industry-wide …

PERILS Lowers Loss Estimate for December 2018 Sydney Hailstorms to A$633M

PERILS AG disclosed its second loss estimate of A$633 million (US$449.2 million) for the hailstorms which affected the greater Sydney region on Dec. 20, 2018. The estimate also includes the losses from the storm activity in southeastern Queensland on Dec. …

Insured Property Loss for Northern Australia Floods Estimated at A$957M: PERILS

Initial insured property losses for floods that recently affected northern Queensland, Australia, and in particular the city of Townsville, are estimated at A$957 million, according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. The Townsville floods …

Insured Losses from Sydney Hailstorms Estimated at A$635M (US$457.5M): PERILS

Initial insured property losses for December’s hailstorms in Sydney are estimated at A$635 million (US$457.5 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. The hailstorms affected the greater Sydney region on Dec. 20, 2018, …

Final Insured Losses for Europe’s Storm Friederike/David Estimated at €1.7B: PERILS

The final loss estimate for Extratropical Cyclone Friederike, also known as David, reached €1.672 Billion ($1.906 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. This compares to the previous PERILS loss report of €1.675 …

Final Insured Losses for Europe’s Cyclone Burglind Reach €756M ($862.1M): PERILS

The final estimate of insured property losses from Europe’s Extratropical Cyclone Burglind, also known as Eleanor, have risen to €756 million ($862.1 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. PERILS’ fourth and final …