European windstorm estimate downgraded

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Perils AG has today disclosed its second loss estimate for Windstorm Xynthia, which occurred at the end of February 2010.

The revised estimate of the property insurance market loss for Xynthia is EUR 1.27bn. This compares to the first loss estimate of EUR 1.28bn which was issued by Perils on 12 April 2010. It said the

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