Inside FAC, vom 7. Juli 2017

(Re)insured losses from Hailstorm Paul could reach EUR400mn ($454.7mn), according to German actuarial firm Meyerthole Siems Kohlruss (MSK).

The weather system passed through Germany on 22 June, and was characterised by a number of small-scale hailstorms, according to MSK managing director Onnen Siems.

The hailstorms extended from the Ruhr area to Göttingen, spreading over almost 300km, with a second intensive band of hail stretching from Cologne/Bonn to Gießen/Marburg.

Regional hail concentrations also occurred in Saarland and in the area of...