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PERILS raises loss estimate from Cyclone Zeus

PERILS said its second loss estimate for the insured property market due to extratropical Cyclone Zeus stands at €269 million, up from the initial loss estimate of €192 million issued April 13.

The cyclone primarily affected France on March 6 and March 7.

The Zurich-based catastrophe insurance data provider is due to release its third loss estimate Sept. 6.