PERILS Raises Windstorm Nils (Ulrike) Insured Loss Estimate 31% to €767m – Southwest France, Feb 2026
Extratropical windstorm Nils (also known as Ulrike) struck the Nouvelle-Aquitaine and Occitanie regions of southwest France from 11–13 February 2026, bringing extreme winds, flooding, and avalanches in the French Alps. PERILS has revised its insured industry loss estimate upward by nearly 31%, from €586 million to €767 million, based on updated claims data from impacted insurers covering property and motor lines. The storm was identified as the largest single event loss of the European windstorm season 2025/26, with wind losses driving the majority of the insured loss. PERILS will publish a further updated estimate on 13 August 2026.
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Impact verdict
Medium impact. Insured losses of €767 million represent a meaningful but regionally contained nat-cat loss for France; significant for European property and reinsurance books but below major catastrophe thresholds. Loss development is ongoing with further upward revision possible.
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