Generali develops Green ILS Framework

Written by Adam Cadle

26/02/2020

Generali has developed its first Green Insurance Linked Securities Framework (Green ILS Framework), in line with the group’s sustainability strategy.

The framework aims to be the first contribution to develop guidelines for Green ILS structures going forward and is closely related to the Generali Green Bond Framework published in September 2019. It has also received a second party opinion from Sustainalytics.

Generali is one of the main European sponsors in the Insurance Linked Securities market, having sponsored two catastrophe risk bonds (Lion I Re, 2014 and Lion II Re, 2017), and one motor third-party liability risk bond (Horse Capital I, 2016).

Generali Group CFO Cristiano Borean commented: “The Generali Green Insurance Linked Securities Framework is a further step in our sustainability strategy and a confirmation of the Group’s commitment in this regard. It also demonstrates the Group’s innovative approach to managing capital in line with the Generali 2021 strategy and long-term commitment to the Insurance Linked Securities market.”

Detailed information on the framework can be viewed here.

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