Loss Announcement:

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Zurich - 23 Apr 2025

AUD 2,568m - PERILS releases first loss estimate for Cyclone Alfred

PERILS has today disclosed its initial loss estimate for Cyclone Alfred. The cyclone affected the Southeast Queensland and Northern New South Wales regions of Australia with strong winds and intense rainfall from 28 February to 12 March 2025.

PERILS’ initial estimate of the insurance market loss is AUD 2,568 million being the largest cyclone event on an as-if-today basis to impact the Australian insurance industry since Cyclone Tracy in 1974.