Green Valley Ltd.

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Green Valley Ltd. – At a glance:

Issuer: Green Valley Ltd.

Cedent / sponsor: Groupama

Placement / structuring agent/s: Swiss Re acted as lead manager

Risk modelling / calculation agents etc: RMS

Risks / perils covered: European windstorm

Size: $295m

Trigger type: Parametric index

Ratings: Moodys: 'BB+'

Date of issue: Dec 2007

Artemis.bm news coverage: Articles discussing Green Valley Ltd. from Artemis.bm

Other coverage: Link to external coverage

Green Valley Ltd. – Full details:

This €200m (US$295m) deal is part of a three-year reinsurance agreement between the two companies that was arranged by Swiss Re Capital Markets.

The French windstorm issuance is part of a securitization program of up to 800 million euros, which provides a fully collateralized, multiperil and multiyear platform for Groupama risks. According to Swiss Re, this will enable it to support Groupama’s risk management strategy and to satisfy future cover needs.

In case of a windstorm in France, the program would pay a claim triggered by a parametric index based on wind speeds at various locations

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Green Valley Ltd.

Green Valley Ltd. – At a glance:

Green Valley Ltd. – Full details:

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