Groupama seeking EUR150mn of French windstorm coverage
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Groupama seeking EUR150mn of French windstorm coverage

The bond is offering investors a midpoint multiple of 5.5x.

By Jai Singh
June 25, 2024
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Windsock with Cloudy Sky

Groupama Assurances Mutuelles is seeking EUR150mn ($160mn) with its Quercus Re cat bond, this publication understands.

The bond offers indemnity, annual, aggregate windstorm coverage in France and Monaco, including Corsica but excluding Départements Régions et Collectivités d’Outre mer and Nouvelle...

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News Catastrophe bonds
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