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
