Allianz expects EUR900mn in Storm Bernd claims as loss picture emerges

06 August 2021

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Allianz expects to pay out around EUR900mn ($1.1bn) in claims as a result of Storm Bernd, the freak weather event that impacted Europe in July.

The carrier made the disclosure in a call with journalists following the publication of its Q2 results, in which it said the storm was expected to have a EUR400mn impact on operating profits, implying a substantial amount of reinsurance...

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Allianz expects EUR900mn in Storm Bernd claims as loss picture emerges

Allianz expects to pay out around EUR900mn ($1.1bn) in claims as a result of Storm Bernd, the freak weather event that impacted Europe in July.

Fuel a smarter strategy with our actionable market intelligence

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Allianz expects EUR900mn in Storm Bernd claims as loss picture emerges

Allianz expects to pay out around EUR900mn ($1.1bn) in claims as a result of Storm Bernd, the freak weather event that impacted Europe in July.

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Fuel a smarter strategy with our actionable market intelligence

Topics

PFZW’s ILS investments return 11.7% year-to-date

Cat bond volume of $495mn has come to the market

Milton: A proof of concept moment for ILS

Communicating ILS nuances will build trust among end-investors: ILS Connect panel

CoreLogic pegs Milton insured loss at $17bn-$28bn