“Nils’ wind footprint has a striking resemblance to Windstorm Klaus of January 2009. At the time, Klaus caused an industry loss of EUR 1,574 million, while for Nils losses were lower due to less intense wind gusts, ” said Luzi Hitz, product manager at PERILS. “Nevertheless, it represents a sizable event for the French insurance market and follows only a little over a month after Windstorm Goretti, which also significantly impacted France.”
