Storm Ciarán spares UK insurers with losses pegged at £1.63bn

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Perils has estimated the full losses of Storm Ciarán, which hit the UK and mainland Europe in November this year, at €1.9bn (£1.63bn).

However, the majority of those losses came in France, where losses related to wind are estimated at €1.6bn (£1.37bn).

Perils’s commentary of the storm stated: “The low-pressure system associated with

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