Quercus II Re DAC

Groupama’s sponsorship of its latest catastrophe bond, the €120 million Quercus II Re DAC issuance, demonstrates the firm’s capacity for innovation and highlights the importance of partnerships across the insurance-linked securities (ILS) space, according to Pierre Lacoste, Reinsurance Director of Groupama Group.

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.

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.

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.