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Switzerland-based catastrophe insurance market data provider Perils A.G. and Aon Benfield Group Ltd.'s Impact Forecasting unit have said that windstorm Egon that hit Europe in mid-January is likely to result in an insurance loss of over $100 million, Artemis.bm reports.
Impact Forecasting said that German actuarial company Meyerthole Siems Kohlruss expects Egon to have caused an insured loss of about $100 million in Germany alone.
Meanwhile, windstorm Barbara, which struck Europe on Dec. 25, 2016, is expected to have caused insurance loss of less than $213 million, sources said.