Perils has released an initial loss estimate of EUR1.47bn ($1.81bn) for extratropical cyclone Friederike, which hit the British Isles, Belgium, the Netherlands and Germany on 17 and 18 January.
Liberty Mutual ceded $1.23bn to its reinsurance partners in 2017 following hurricanes Harvey, Irma, and Maria and the California wildfires, the company said in its end of year results on Monday.
