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Berenberg Sees $2-3 Billion Reinsurance Losses From European Floods, Overall Losses Higher

Published by Wanda Rich

Posted on July 19, 2021

1 min read

Last updated: January 21, 2026

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Aftermath of devastating floods in Germany impacting European reinsurance losses - Global Banking & Finance Review — This image captures the extensive damage in Germany from severe flooding, highlighting the estimated $2-3 billion in reinsurance losses identified by Berenberg, reflecting the financial implications of natural disasters in Europe.