Swiss Re estimates Debbie claims at $350m

stormy-weather-2016

Swiss Re expects Cyclone Debbie to have resulted in a higher share of large commercial and corporate losses compared to similar events in the past. The total insured market losses for wind, flood and storm surge damages are estimated to be approximately $1.3bn, Swiss Re said. Tropical Cyclone Debbie made landfall on 28 March as a category four hurricane with wind speeds of close to 200km/h making it the strongest cyclone to hit the Australian region since 2015. Matthias Weber, Swiss Re's g