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Generali markets first green cat bond

lion adobe 575
By Owen Sanderson
16 Jun 2021

Generali is marketing the first green catastrophe bond, a €200m deal called Lion Re III laying off European windstorm and Italian earthquake risk. The structure takes its cue from the growing ESG risk transfer market for banks, which enhances the green impact of a given deal by recycling not just the funding received but the capital saved into green assets.

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By Owen Sanderson
16 Jun 2021