Insurance Post

Perils estimates €300m windstorm Joachim loss

Dark storm clouds and lightning broken by the sun shining down onto a calm sea

Independent Zurich-based firm, Perils, today disclosed an initial loss estimate of €300m for windstorm Joachim, which occurred in Western Europe from 15-17 December 2011.

The majority of the losses occurred in France, with losses also occurring in Germany and Switzerland.

Perils' market loss estimate is based on ultimate gross loss data as reported by primary insurance

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