Insight and Intelligence on the London & International Insurance Markets 22 Jan 2018
AIR: Eleanor losses estimated at EUR1.1bn-EUR1.6bn
- 11 January 2018
AIR Worldwide has said insured losses as a result of wind from Storm Eleanor, known as Burglind in Germany, will total EUR1.1bn to EUR1.6bn ($1.3bn-$1.9bn).
This would make it the first billion-dollar European storm since Christian in 2013, according to Perils records. The loss tracking agency put Christian's claims at EUR1.14bn.
The majority of Eleanor's losses are expected to stem from Germany, France, the UK, Belgium, Switzerland and the Netherlands, AIR said.
Lower levels of claims are also expected in...
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