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European windstorm exposures remain flat at $58 trillion: PERILS

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Data from Switzerland-based European catastrophe insurance data provider PERILS A.G. shows that European windstorm exposures remained almost flat year over year at €54 trillion ($58 trillion) in 2016, Artemis.bm reports. Eduard Held, head of products at PERILS, said that the exposure data is used for the structuring and risk assessment of industry loss based risk transfer products such as catastrophe bonds and industry loss warranty transactions.

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