Fitch: French windstorm losses material, but managable
Fitch does not expect losses from the catastrophe to result in a material capital erosion for the French insurance market. The agency expects that the rating actions due to the storm are likely to be limited.
According to a preliminary analysis, Fitch Ratings said today it expects losses from windstorm Xynthia to be material, but manageable within the earnings of French insurers.
Fitch does not expect
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