Groupama innovates in the ILS markets with a Cat Bond dedicated to Convective Storms to protect its annual losses

Groupama announces the issuance of the first catastrophe bond (“Cat Bond”) on the Insurance Linked Securities (“ILS”) markets specifically dedicated to Hail risk, structured as an aggregate indemnity. This innovative transaction aims to protect annual losses on property and motor portfolios related to this climate peril in metropolitan France. This Cat Bond, Quercus II Re DAC, amounts to 120 million euros, effective from January 1, 2026, for a duration of 2 years, and is triggered if Group’s losses exceed € ...