european windstorm

Commenting on the successful placement of its new €200 million Lion Re DAC Series 2025-1) catastrophe bond, sponsor Generali’s Group CFO Cristiano Borean hailed the “unique and distinctive ESG features” of the cat bond, also citing “a further enhancement in terms of structural efficiency, optimisation and flexibility,” thanks to the new shelf programme under Lion […]

Italian and global insurance giant Assicurazioni Generali S.p.A. has now successfully secured a renewal for its green catastrophe bond, with the new EUR 200 million Lion Re DAC transaction finalised at its target size and with pricing of the two tranches of notes at either end of their initial ranges, Artemis can report.

Italian and global insurance giant Assicurazioni Generali S.p.A. is looking to renew its soon to mature green catastrophe bond with a new EUR 200 million Lion Re DAC transaction now in the market, that targets European windstorm and Italy earthquake reinsurance for the company, Artemis can report.

The 2025 Industry Exposure Database (IED) from Zurich-based catastrophe loss data aggregator, PERILS AG, includes market sums insured for the severe convective storm (SCS) peril for the first time, while exposure growth across all markets continues.

Italian and global insurance giant Assicurazioni Generali S.p.A. has revised its framework for green catastrophe bonds to incorporate updates and expand its scope, now publishing a Green, Social and Sustainability Insurance-linked Securities Framework in its place.

Catastrophe loss data aggregator PERILS AG has released its Industry Exposure Database (IED) for 2024, which highlights the continued impact of inflationary developments on exposures, with sums insured for European windstorm up 10.1% year-on-year at constant EUR exchange rates.

The impact of climate change has the potential to increase hurricane losses in the U.S. by at least 10% over two decades in certain scenarios, according to insurance and reinsurance broker Aon’s work with Columbia University.

The PERILS Industry Exposure Database (IED) 2023 highlights the impact of inflationary developments on exposures, revealing sums insured for European windstorm increased by 11.7% year-on-year at constant EUR exchange rates.

Insurance and reinsurance market losses from the severe convective storm (SCS) peril in Europe are starting to run a little ahead of losses from the more widely accepted European peak peril of extratropical windstorms, according to data from Aon’s Impact Forecasting.

The insurance and reinsurance industry loss estimate for the European windstorm series that struck in February of 2022 has been raised again by another 3% to now be finalised at EUR 3.851 billion by data aggregator PERILS AG.