Plenum: cat bond funds not impacted by EUR900mn storms
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Plenum: cat bond funds not impacted by EUR900mn storms

Luke Harrison, 
Liz Bury
21 February 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
London, UK, 18th Feb, 2022, Storm Eunice caused damage to four properties in Kilburn Park Road as the the capital was given a rare red weather warning by the Met Office. Whole sections of masonry fell from house frontages and fell onto the ground below in
Photo: Alamy

Plenum has said that no European storm cat bonds are likely to trigger due to severe storms in the region, as it pegged estimates of insured losses in Germany at EUR 900mn ($1,022mn) and initial damage in the UK at EUR 500m.

Two hurricane-force storms, Ylenia/Dudley and Zeynep/Eunice, which struck in the latter part of last week, were followed today by a third, Antonia/Franklin, on 21 February.

Plenum

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsClaims and lossesCatastrophe bonds
LH
Luke Harrison
Headshot template (new) (1).png
Liz Bury
Editor
Contact
Gift this article