Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

Allianz raises its Storm Bernd claims payout estimate by 22%

October 26, 2021 Reprints

German insurer Allianz SE has raised its gross loss estimate for Storm Bernd that hit Europe in July by 22% to €1.1 billion ($1.3 billion), Artemis reported. The insurer initially estimated €900 million in losses from the storm and resulting floods, with net losses of approximately €400 million after the activation of its excess-of-loss reinsurance tower.

1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
2. Chinese cargo owners face losses after bridge collapse
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms

Help

Allianz raises its Storm Bernd claims payout estimate by 22%

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources