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Xynthia could hit insurers for Eu3bn: AIR

03 March 2010

Catastrophe risk modelling firm AIR Worldwide estimates that insured losses in France, Belgium, Germany, and Netherlands from winter storm Xynthia will be between Eu1.5bn ($2bn) and Eu3bn ($4bn).

Read more: Catastrophe risk modeling AIR Worldwide France Belgium Germany Xynthia winter storm

Catastrophe risk modeling firm AIR Worldwide estimates that insured losses in France, Belgium, Germany, and Netherlands from winter storm Xynthia will be between Eu1.5bn ($2bn) and Eu3bn ($4bn).

The strong cyclone approached the Atlantic coast of Western Europe on February 27, in the northern provinces of Spain and Portugal. It then moved northeast over the Biscayan Sea into central France before losing intensity on its path through Germany and eventually dissipating over the Baltic Sea.

“Xynthia brought with it a potent combination...


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For more catastrophe reports, data and news, click through to the RMS/Reactions Catastrophe Centre.

Poll

Catastrophe bond issuance was $4.3bn in 2011. How much new issuance will there be in 2012?

Less than $3bn
0%
$3bn-$4bn
67%
$4bn-$5bn
0%
$5bn-$6bn
33%
$6bn-$7bn
0%
More than $7bn
0%

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Mike Van Slooten, head of international market analysis at Aon Benfield