DCG Iris has released a statement about the winter storm known as Xaver or Bodil. DCG believe the impact of the storm may have been less than that of Christian, the previous winter storm that struck Europe. Christian hit when the trees were in full leaf and caused many to topple while Xaver’s main impact seems to have come from flooding associated with the storm surges that affected the North Sea and Baltic coasts.
DCG believe the insured cost of the storm lies between €1.4bn and €1.9bn and, if this analysis is correct, this would mean that the storm will have no impact on DCG Iris’s portfolio.
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