Aon’s Randolph Re has actually structured and positioned a cat bond on an indemnity basis on behalf of Paris-based Groupama, which secures versus negative discrepancy of weather losses in France.
The €100 countless aggregate reinsurance security the group has actually protected formally started on 15 June 2023.
Thierry Martel, Chief Executive Officer of Groupama, said, “For Groupama, the relationship with our reinsurers stays necessary.
“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.”
This is the largest-ever issuance through Aon’s Randolph Re platform, being the 4th personal cat bond from the company, however the very first not to cover wildfire threat in California for Mercury Insurance.
You can find out more about this Randolph Re Ltd. (Groupama) cat bond, and every other in the Deal Directory of our sister publication, Artemis.
