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Perils puts final loss estimate from cyclone Xavier at €324M

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Perils puts final loss estimate from cyclone Xavier at €324M

Zurich-based catastrophe insurance data provider PERILS AG said its fourth and final insured property market loss estimate for extratropical cyclone Xavier stands at €324 million, down from its third loss estimate of €325 million estimate in April.

Cyclone Xavier, which mainly affected Germany on Oct. 5, 2017, caused seven deaths in the country.