Groupama continues to diversify its weather coverage in France with an Aggregate Catastrophe bond
19 Junio 2023 - 7:18AM
Groupama continues to diversify its weather coverage in France with
an Aggregate Catastrophe bond
Groupama is the first European insurance
group to sponsor a cat bond in 2023. Groupama has secured EUR 100
million of aggregate reinsurance protection for weather related
claims experience in France.
The Aon Securities team* structured and placed a
cat bond on an indemnity basis, via the Randolph Re platform on
behalf of Groupama, which protects against adverse deviation of
climatic losses in France. The cover incepted 15 June 2023.
« For Groupama, the relationship with our
reinsurers remains essential. With this Cat bond transaction, we
are demonstrating on the one hand our ability to adapt to major
changes in the reinsurance market and, on the other hand,we are
further protecting Groupama from adverse weather
claims. » stated Thierry Martel, Chief Executive
Officer of Groupama.
* Reference to the Aon Securities team means Aon
Solutions Ireland Limited, who are regulated by the Central Bank of
Ireland (and its affiliated entities)
Groupama Domestic bonds ... (EU:GPATW)
Gráfica de Acción Histórica
De Jun 2024 a Jul 2024
Groupama Domestic bonds ... (EU:GPATW)
Gráfica de Acción Histórica
De Jul 2023 a Jul 2024
