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Moody’s comments on Xynthia’s France impact
10 March 2010
Windstorm Xynthia, which caused serious damage in Western Europe at the end of February, will present a substantial, though manageable, cost for the French insurance industry according to Moody's Investors Service.
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Windstorm Xynthia, which caused serious damage in Western Europe at the end of February, will present a substantial, though manageable, cost for the French insurance industry according to Moody's Investors Service. For reinsurers, although the storm will be less costly, it may have the effect of increasing the cost of future events borne by reinsurers.
“Xynthia appears to have been less violent than previous storms that have hit France since 1999, suggesting that wind-induced claims will likely be manageable for the...
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