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Generali cat bond launch showcases ILS innovation

Adjustable annual premium means cedant only pays for the amount of annual risk left in a calendar year

Storm warning

Generali scored a number of firsts with the launch of its inaugural catastrophe bond, signalling a new wave of innovation in the insurance-linked securities (ILS) market.

The Italian insurer closed the bond, named Lion I Re, on April 28, providing Generali with €190 million (£155 million) of protection against European windstorm risk. The bond was pitched as ground-breaking by Generali for being

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