Perils lifts cyclone Zeus loss estimate to $303mn

Industry loss aggregator Perils has increased its estimate for
insured losses stemming from extratropical cyclone Zeus to EUR269mn
($302.9mn).
The company had originally pegged the loss for the property
insurance market at about EUR192mn. Perils will publish its third
estimate on 6 September with a full break down of property
sub-lines.
Zeus was one of a number of low-pressure systems which swept the
British Isles and parts of Northern Europe in early March, with
France bearing the brunt of the.