Groupama, the French mutual insurance and reinsurance company, has now priced its new Quercus II Re DAC catastrophe bond to secure the 20% upsized target of €120 million of fully-collateralized convective storm reinsurance protection from the capital markets with this deal, Artemis can report.
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Groupama, the French mutual insurance and reinsurance company, has raised its target for fully-collateralized convective storm reinsurance protection from the capital markets from its new Quercus II Re DAC catastrophe bond, with now up to €120 million of protection sought, Artemis understands.
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Groupama, the French mutual insurance and reinsurance company, has returned to the 144A catastrophe bond market and this time is seeking €100 million or more in fully-collateralized convective storm reinsurance protection from the capital markets through a Quercus II Re DAC issuance, Artemis has learned.
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