Storms Elvira and Friederike will dampen French and German earnings

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Storms Elvira and Friederike will dampen the first half 2016 earnings of French and German insurers, though it is unlikely there will be any negative rating actions as a result, according to AM Best.

The storms, which battered the two counties between late May and early June, caused between €0.9bn and €1.4bn in insured losses for the French market and around €1.2bn for German insurers, AM Best

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