Inaugural 90 million catastrophe bond for the benefit of Covéa Group

stormy weather with a piece of tree fallen on the road
Natixis, acting as co-arranger and joint bookrunner, has managed the placement of a 90 million catastrophe bond issued by Hexagon Re. This innovative transaction represents the first 144A pure French windstorm (indemnity) in the growing catastrophe bond market and the first bond issuance for Covéa Group.

"This landmark transaction illustrates Natixis New Dimension strategic plan, aiming in particular at increasing Natixis footprint with insurance companies by offering innovative and tailor-made solutions" said Emmanuel Issanchou, Global Head of Global Structured Credit & Solutions.

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