Trading Risk, vom 3. Juli 2017

A storm that passed through the north-east of Germany in June will cause insured losses of EUR400mn ($454.7mn), actuarial firm Meyerthole Siems Kohlruss (MSK) estimated.

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...