Lion I Re Limited

The Lion I Re Ltd. catastrophe bond from European headquartered insurer Assicurazioni Generali S.p.A. has got a little bit riskier for its investors, after the sponsor elected to increase the risk level slightly at the recent annual reset.

The issuance of Assicurazioni Generali S.p.A.’s first catastrophe bond Lion I Re Limited actually saw five new firsts for the cat bond market. The successful completion of this transaction could help to open the cat bond market to more sponsors in future.

Italian insurer Assicurazioni Generali S.p.A., one of the world’s largest primary insurers which also has one of the largest reinsurance programs, is pleased with the flexibility and diversification that its first catastrophe bond Lion I Re Limited brings.

Assicurazioni Generali S.p.A., one of the world’s largest insurers, has successfully closed the first catastrophe bond it has sponsored, Lion I Re Limited, to secure itself €190m of fully-collateralized European windstorm reinsurance protection at keen pricing.

Credit ratings agency Fitch Ratings is providing the rating for the single tranche of catastrophe bond notes being issued by Lion I Re Limited in the first cat bond transaction to be sponsored by one of the world’s largest insurers, Assicurazioni Generali S.p.A.

The first catastrophe bond issued by Assicurazioni Generali S.p.A., one of the largest insurers in Europe and the world, is set to increase in size to between €180m and €190m while pricing on the Lion I Re Limited cat bond has dropped.

Assicurazioni Generali S.p.A., one of the largest insurers in Europe and the world, is sponsoring its first catastrophe bond with the launch of Lion I Re Limited, a €150m European windstorm cat bond, sources told Artemis this morning.