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Actuary: Storm Xavier to likely cost German insurers, reinsurers €150M-€200M

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Actuary: Storm Xavier to likely cost German insurers, reinsurers €150M-€200M

Storm Xavier, which hit northern Germany on Oct. 5, is likely to cost the country's insurers and reinsurers between €150 million and €200 million, Artemis reported Oct. 9, citing actuarial firm Meyerthole Siems Kohlruss.

MSK CEO Onnen Siems noted that Xavier was a rare autumn storm in that it developed before mid-October. The storm brought near-hurricane force winds and also affected the Netherlands, the report noted.