Extratropical Cyclone Zeus insured loss estimated at €192m

Extratropical Cyclone Zeus, which primarily affected France on March 6 and 7, 2017 has caused insured property market losses of €192 million, according to estimates by catastrophe insurance data provider PERILS.

The highest gust value during Zeus – 193km/h – was recorded in Camaret-sur-Mer in Brittany. In south-eastern France, gusts of 185 km/h and 157km/h were measured in St Raphael in the Côte d'Azur and Ajaccio in Corsica respectively.

“Although our market loss estimate fell short of PERILS’ reporting threshold of €200 million, we nevertheless decided to capture Zeus as a qualifying event,” said Eduard Held, head of products at PERILS. “Given its exceptionally high gust values it will add valuable loss data to the PERILS database allowing subscribers to derive vulnerability information for France for wind speeds exceeding 30m/s.”

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