Storm Thomas loss estimated at €213m

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The tropical cyclone hit the British Isles, the Netherlands, Belgium and Germany on 23 and 24 February. Perils said the winds caused by Thomas reached a maximum gust value of 152km/h over the British Isles in Capel Cruig in Wales. Luzi Hitz, CEO of Perils, said: “Thomas is the second European winter storm event in the winter season 2016/2017, after Egon, which exceeds the Perils loss capturing trigger of €200m. “While the market loss from Thomas is again not market-changing, it nevertheless