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International

Perils raises insured cyclone loss estimate to $1.2 billion

August 18, 2023 Reprints

Perils AG has increased its insured and reinsured loss estimates for Cyclone Gabrielle, which impacted the North Island of New Zealand Feb. 11-17, by nearly 5% to $2.02 billion New Zealand ($1.2 billion), Asia Insurance Review reported. The figure includes commercial lines property losses which represent 46% and personal lines property losses which represent the rest.

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Perils raises insured cyclone loss estimate to $1.2 billion

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