Willis Re completes $132.9mn Hexagon II Re cat bond
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Willis Re completes $132.9mn Hexagon II Re cat bond

Willis Re Securities has structured and placed a €120mn ($132.9mn) catastrophe bond for French mutual insurer Covea.

The deal, which was agreed on 5 November, provides Covea with protection against windstorm and other weather-related catastrophe events in France over a four-year period.

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