Plenum: cat bond funds not impacted by EUR900mn storms
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Plenum: cat bond funds not impacted by EUR900mn storms

Luke Harrison, 
Liz Bury
21 February 2022
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London, UK, 18th Feb, 2022, Storm Eunice caused damage to four properties in Kilburn Park Road as the the capital was given a rare red weather warning by the Met Office. Whole sections of masonry fell from house frontages and fell onto the ground below in
Photo: Alamy

Plenum has said that no European storm cat bonds are likely to trigger due to severe storms in the region, as it pegged estimates of insured losses in Germany at EUR 900mn ($1,022mn) and initial damage in the UK at EUR 500m.

Two hurricane-force storms, Ylenia/Dudley and Zeynep/Eunice, which struck in the latter part of last week, were followed today by a third, Antonia/Franklin, on 21 February.

Plenum

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