12 January 2018Insurance

European storm Egon's final loss estimate revealed

The final loss estimate for extra-tropical cyclone Egon has remained unchanged from the  third estimate issued in July by the catastrophe insurance data provider PERILS.

The total insured property losses caused by the windstorm, which affected France and Germany a year ago on 12 and 13 January 2017, is €275 million.

PERILS has disclosed its fourth and final loss estimate. It stated that movements in the loss figures at the individual country level offset each other and the overall figure for Europe remained unchanged.

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More on this story

Insurance
13 July 2017   The insured property losses caused by extra-tropical cyclone Egon have reached €275 million, reveals a revised estimate by PERILS, the Zurich-based catastrophe insurance data provider.
Insurance
19 January 2018   The financial impact of windstorm Friederike is likely to reach into the hundreds of millions of euros, according to Aon’s Jan. 19 Weekly Cat Report.