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.