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Euro windstorm Hendrik-Ignatz (Aurore) industry loss estimated €311m

European extratropical windstorm Hendrik- Ignatz, which was also known as Aurore, impacted north-western and central Europe between the 20th to 21st October 2021 and is the first storm of the season to drive an industry loss in the hundreds of millions of Euros. European windstorm Hendrik- Ignatz (Aurore) is the first read the full article →

Green cat bond a “highly successful placement in an extremely active market” – Natixis

The successful placement at low-pricing of the first green catastrophe bond occurred during an extremely active marketplace for cat bonds, noted joint bookrunner and green coordinator French financial services firm Natixis. As we have explained, the EUR 200 million Lion III Re DAC cat bond transaction is the first green cat read the full article →

Generali hails completion of the first green catastrophe bond

Italian and global insurance giant Assicurazioni Generali S.p.A. has hailed the successful completion of its first green catastrophe bond issuance, the EUR 200 million Lion III Re DAC transaction. The deal was launched to the cat bond investor community earlier this month, and benefiting from strong investor demand Generali secured it read the full article →

Generali’s green catastrophe bond priced ~18% below guidance

Italian and global insurance giant Assicurazioni Generali S.p.A. has now secured its first green catastrophe bond, the EUR 200 million Lion III Re DAC cat bond, with a roughly 18% price drop from the initial mid-point of guidance. It's another example of strong pricing execution in the catastrophe bond market, as read the full article →

Generali targets lower price for first green cat bond, Lion III Re

Italian and global insurance giant Assicurazioni Generali S.p.A. is aiming to secure its first green catastrophe bond deal, the EUR 200 million Lion III Re DAC cat bond, at tighter spreads, as price guidance has fallen for the issuance. This is Generali's first catastrophe bond since 2017 and the first we've read the full article →

Generali targets EUR200m Lion III Re “green cat bond”

Italian and global insurance giant Assicurazioni Generali S.p.A. is back in the catastrophe bond market with its fourth issuance, a EUR 200 million Lion III Re DAC cat bond through which it is seeking collateralized catastrophe reinsurance while adding "green" features to a cat bond issue. It's Assicurazioni Generali's first cat read the full article →

AXA not renewing its Calypso cat bond for 2018

French insurance and reinsurance carrier AXA is not renewing its property catastrophe bond for 2018, as the firm currently finds traditional reinsurance pricing more attractive and sees the costs of sponsoring cat bonds, both financially and in terms of effort, as high. AXA has tapped the catastrophe bond market a number read the full article →

Lion II Re cat bond from Generali set new pricing multiple low: GC Securities

The recently completed EUR 200 million Lion II Re DAC catastrophe bond transaction set a new low in terms of the pricing multiple, of the expected loss level to the amount of coupon that investors will be paid, in the history of the 144a cat bond market, according to GC read the full article →

Generali hails “innovative & flexible” Lion II Re catastrophe bond

Italian headquartered global insurer Assicurazioni Generali S.p.A. has hailed the completion of its latest and third catastrophe bond, the recently completed Lion II Re DAC transaction, as an "innovative and flexible" example of how the insurer intends to manage its capital going forwards. Generali executives hailed the completion of what the read the full article →

Generali’s Lion II Re cat bond prices at bottom of reduced guidance

Another catastrophe bond has been priced at the bottom end of an already reduced spread range, as sponsor Assicurazioni Generali S.p.A. has secured its latest catastrophe bond, the Lion II Re DAC European flood exposed transaction, at a very competitive rate. Yesterday we wrote that the suggested coupon had fallen below read the full article →