Generali announces that Lion Re cat bond safe after Bernd
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Generali announces that Lion Re cat bond safe after Bernd


Assicurazioni Generali has assured investors in its EUR200mn Lion III Re catastrophe bond that European windstorm Bernd and the floods of July 2021 are not a covered event for the ILS transaction.

The company had previously said its reinsurance programme would cap losses from the events at EUR100mn.

The Lion Re trigger for windstorm loss coverage was set at EUR600mn, but in a statement released on the Bermuda Stock Exchange, the insurer...

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