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Insured losses from storm Xavier likely to exceed $230 million: Official

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Onnen Siems, chief executive of Germany-based actuarial firm Meyerthole Siems Kohlruss, said that storm Xavier is likely to have caused up to €200 million ($234.6 million) in insured and reinsured losses, Artemis.bm reports. The storm struck parts of northern Germany on Oct. 5 with winds nearing hurricane strength in Berlin. The total loss for insurers and reinsurers is expected to rise as the storm also hit the Netherlands, Mr. Siems said.

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