26 January 2018Insurance

Storm Friederike insured losses at up to €2.6bn

Losses due to wind from winter  storm Friederike will range between €1.3 billion and €2.6 billion, according to catastrophe modelling firm AIR Worldwide.

Friederike’s extreme winds tore across Western Europe on Jan. 17 to 19, damaging buildings in the UK, the Netherlands, Belgium, Luxembourg, France, Germany, Poland, and the Czech Republic. There were reported instances of Friederike’s winds blowing roofs off buildings.

The majority of the losses are expected in Germany, France, the United Kingdom, Belgium, and the Netherlands.

German meteorological services Deutscher Wetterdienst (DWD) stated that winter storm Friederike was one of the strongest since Kyrill struck 11 years ago. Kyrill, however, was considerably larger.

Join us at Intelligent Automation in Insurance - London 2018.  Book by Jan 31st and you could save £400.

More of today's news

Lloyd’s CFO proposes curtailing broker commission

Aspen CEO ‘deeply disappointed’ with 2017 results

Bermuda targeted in sector consolidation push

Sompo International expands in the London Market

Retrocession rates jump up to 20% in January renewals

CNA bolsters commercial insurance leadership

Harvey, Irma floods cause up to $105bn in damages

Don't miss our insurtech email newsletter - sign up today

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

9 February 2018   Windstorms Friederike, Eleanor and Carmen which hit Western and Central Europe in January are expected to cost European insurers more than $2 billion losses, according to Aon Benfield.
28 February 2018   The re/insurance industry loss from extratropical cyclone Friederike (also called David) is currently estimated at €1.466 billion, according to the Zurich-based catastrophe insurance data provider PERILS.
17 July 2018   The re/insurance industry loss from extratropical cyclone Friederike (also called David) has reached €1.68 billion, according to Zurich-based catastrophe insurance data provider PERILS.