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Insured property loss estimate for Tropical Cyclone Debbie in Australia up to AU$1.7 billion: PERILS

September 28, 2017 by Canadian Underwriter

PERILS AG has upped its estimate of the property insurance market loss for Tropical Cyclone Debbie, which affected the Australian states of Queensland and New South Wales this spring, to just shy of AU$1.7 billion. The Zurich-based organization’s third loss

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Third loss estimate for windstorm Thomas of 249 million euros unchanged from previous estimate: PERILS

August 23, 2017 by Canadian Underwriter

PERILS AG has disclosed its third loss estimate of 249 million euros for windstorm Thomas, which affected parts of Europe in late February. The independent organization that provides high quality data relevant to the insurance industry “with the aim of

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Insured losses from Tropical Cyclone Debbie reach nearly AU$1 billion: Insurance Council of Australia

June 30, 2017 by Canadian Underwriter

Insured losses from Tropical Cyclone Debbie have reached nearly AU$1 billion as of June 28, the Insurance Council of Australia (ICA) said on Thursday. As of June 28, insurers had received more than 58,000 claims stretching from North Queensland to

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PERILS estimates property market loss for Cyclone Debbie at AU$1,116 million

May 9, 2017 by Canadian Underwriter

Tropical Cyclone Debbie – the initial loss estimate for which PERILS AG puts at AU$1,116 million – “underpins the need for reliable natural catastrophe insurance data for Australia,” suggests Darryl Pidcock, head of PERILS Asia-Pacific. Debbie affected the Australian states

News CatastrophesInsuranceMergers and AqcuisitionsReinsurance

Series of October earthquakes in Italy spur 125 million euro loss estimate: PERILS

January 27, 2017 by Canadian Underwriter

The series of earthquakes that hit central Italy in late October last year has prompted a property insurance market loss estimate of 125 million euros, PERILS AG reports. The quakes had on impact on the regions of Lazio, Marche and

News CatastrophesClimate ChangeInsuranceMergers and Aqcuisitions

Losses from Desmond floods in U.K. estimated at £604 million: PERILS

December 5, 2016 by Canadian Underwriter

The fourth and final insured property market loss estimate flowing from U.K. flooding in the wake of storm Desmond in late 2015 is £604 million, reports PERILS AG. Desmond and other low-pressure systems caused effects over a three-week period from

News CatastrophesInsuranceMergers and AqcuisitionsReinsurance

PERILS AG almost doubles initial property loss estimate for Central Italy earthquake

November 24, 2016 by Canadian Underwriter

PERILS AG’s second loss estimate for insured property loss associated with Central Italy’s earthquake in August has almost doubled from 34 million euros to 66 million euros. The third loss estimate for the quake is scheduled to be published Feb.

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Latest estimate of insured losses from Eva-Frank flooding £538 million: PERILS AG

June 27, 2016 by Canadian Underwriter

PERILS AG Friday issued an estimate of £538 million for insured property market loss from flooding damage in the United Kingdom as a result of storms in late December and early January. Storms Eva and Frank hit the U.K. in

News CatastrophesInsuranceMergers and Aqcuisitions

2015 U.K. storm Desmond loss estimate at 597 million pounds: PERILS

June 3, 2016 by Canadian Underwriter

PERILS AG has revised its loss estimate for the United Kingdom storm Desmond, down again from the previous loss estimate of 662 million pounds to the most current estimate of 597 million pounds. The third loss estimate for the floods

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Floods in U.K. expected to produce repair bill of £1.3 billion, good progress on repairs to date

May 26, 2016 by Canadian Underwriter

The average cost of a domestic claim for the floods caused by Storms Desmond, Eva and Frank – which hit the United Kingdom in December and early January – is higher than usual, with the Association of British Insurers (ABI)