Generali builds wind break with first Italian cat bond

Generali 230x
By Tom Porter
30 Apr 2014

Assicurazioni Generali has closed its first ever catastrophe bond to protect itself against European windstorm losses, becoming the first Italian sponsor to enter the insurance-linked securities market in the process.

The €190m three year bond was issued via an Ireland-based special purpose vehicle Lion I Re Limited and was increased in size from an initial target of €150m before being placed with more than 20 investors.

“The catastrophe bond market has continued to grow during the last few ...

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