Generali has returned to the ILS market by sponsoring a €200 million Catastrophe Bond, which incorporates unique ESG features, enhancing its reinsurance coverage for windstorms in Europe and earthquakes in Italy.

Target Information

The recent collaboration between Generali and Lion Re DAC marks Generali's return to the Insurance-linked Securities (ILS) market, featuring a Catastrophe Bond issuance totaling €200 million. This financial instrument is designed to provide robust coverage against windstorms in Europe and earthquakes in Italy, highlighting Generali's commitment to innovative risk management solutions.

Specifically, the transaction involves two series of notes under the Series 2025-1 classification. The issuance includes €125 million of Class A notes, which cover risks associated with both earthquakes in Italy and windstorms in Europe, and €75 million of Class B notes exclusively focused on earthquake coverage for Italy. This structure not only aims to safeguard Generali’s financial stability but also ensures adherence to Environmental, Social, and Governance (ESG) standards through its unique features.

Industry Overview

The insurance landscape in Europe is increasingly recognizing the importance of ESG criteria, especially in light of rising natural disasters attributed to climate change. Thi

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Generali

invested in

Lion Re DAC

in 2025

in a Other deal

Disclosed details

Transaction Size: $212M

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