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