Groupama issues a new Cat bond Aggregate to protect its climatic exposures in France

This €150 million Quercus Re DAC Cat bond will come into effect on 19 July, for a period of 3 years.  Its amount is 50% higher than the previous Cat bond issued by the group in 2023, which was due to expire.A sign of investor interest in Groupama and its portfolio, the placement was made to a rapidly growing panel of 20 investors on behalf of funds specialising in Cat bonds. The bond was placed and structured by the Aon Securities* team. This is an indemnity cover for the accumulation...

Paris Cedex 08, 22/07/2024 (informazione.it - comunicati stampa - servizi)

A sign of investor interest in Groupama and its portfolio, the placement was made to a rapidly growing panel of 20 investors on behalf of funds specialising in Cat bonds. The bond was placed and structured by the Aon Securities* team.

This is an indemnity cover for the accumulation of events during the same annual storm season: it is triggered if the cumulative storm claims reach 290 million euros.

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