groupama

The second catastrophe bond to be issued by Green Valley Ltd. has successfully closed at its expected €100m. The transaction which has been marketed through September (and we wrote about previously here) closed today and runs until 10th January 2012.

Swiss Re are bringing to market a second catastrophe bond under the Green Valley Ltd. Cayman Islands domiciled special purpose vehicle on behalf of French insurer Groupama. The transaction which comprises €100m of insurance-linked securities is expected to be completed within the next two weeks.