Third loss estimate to be issued in July, 2018

PERILS has reported its second loss estimate for windstorm Friederike, also known as David, of €1,629m.

The storm affected the British Isles, Belgium, the Netherlands and Germany on January 17 and 18, 2018.

PERILS, which provides industry-wide insured loss estimates, had initally estimated the loss at €1,465m, which was issued on February 28.

A third loss estimate will be issued on July 17, six months after the event and in line with the PERILS loss reporting schedule.