Allianz Xynthia loss above E100m
WINTER storm Xynthia, which hit Madeira, Spain and Portugal, before it ravaged parts of the French Atlantic coast on February 28, continuing through France to cause further damage in the west of Germany, the Netherlands and Belgium, will likely leave Allianz with claims in the “low triple-digit million-euro” range, reports Bloomberg, citing a conversation with Allianz spokeswoman Christiane Merkel.