Groupama sponsors €120m dedicated hail risk cat bond

Mutual insurance and reinsurance group Groupama has issued the first hail-focused catastrophe bond, structured as an aggregate indemnity to protect its property and motor portfolios in metropolitan France against annual losses from this peril.

The €120 million Quercus II Re DAC issuance, effective from January 1, 2026, stands for a duration of 2 years and is triggered if the firm’s losses exceed €470 million per year.

The coverage was placed and structured by the Aon Securities team, with the transaction reportedly attracting a broad panel of investors.

Readers can find more on this catastrophe bond, as well as others, in the Catastrophe Bond and Insurance-Linked Securities Deal Directory of our sister publication, Artemis.

Pierre Lacoste, Reinsurance Director of Groupama Group, commented, “This issuance, a world first, demonstrates the group’s capacity for innovation and highlights the importance of partnership relations with the ILS market, which enable Groupama to structure effective coverage against Hail losses.”

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