Dragi-Eberhard insured losses could top $835 million: Perils

Workers remove trees from a blocked road near Bad Honnef south of Bonn, Germany, after storm Eberhard raged over the western German federal state of North Rhine-Westphalia./ REUTERS

Perils AG on Thursday estimated insured property losses from a two-pronged storm system that hit Europe on March 9-10 at €740 million ($835.9 million).

Cyclone Dragi-Eberhard hit the British Isles and Western and Central Europe, leaving two people dead in Germany and one in Belgium, the Zurich-based catastrophe loss data modeler said in a statement.

The storms associated with the event were named Dragi and Eberhard by the Free University of Berlin. Dragi was the weaker of the two and struck on March 9. It was followed March 10 by Eberhard, with both affecting the British Isles, France, the Benelux states, Germany, Switzerland, the Czech Republic, Poland and Slovakia, according to the statement.

An updated insured loss estimate will be released June 10, Perils said in the statement.