Generali’s €200 Million Lion II Re catastrophe bond


Cadwalader acted as transaction counsel to global insurance group Generali on the Lion II Re catastrophe bond

Lion II Re provides protection to Generali in respect of European windstorm, Italian earthquake and Europe flood risk. It is the first catastrophe bond transaction to cover multiple Europe perils and the first to cover Europe flood risk. Cadwalader previously represented Generali on its award-winning Lion I Re and Horse Capital insurance-linked securities transactions that issued in 2014 and 2016.

Assicurazioni Generali S.p.A. offers life and non-life insurance and reinsurance throughout the world. The company, led by Philippe Roger Donnet, Luigi Lubelli and Bruce Hodges, in 2017 recorded €87 Billion revenues.

Cadwalader advised with a team including Nick Shiren (Picture), Robert Cannon, Frank Polverino, Ira Schacter and Matthew Feig.

Involved fees earner: Nick Shiren – Cadwalader Wickersham & Taft; Stuart Goldstein – Cadwalader Wickersham & Taft; Michael Gambro – Cadwalader Wickersham & Taft; Robert Cannon – Cadwalader Wickersham & Taft; Frank Polverino – Cadwalader Wickersham & Taft; Ira Schacter – Cadwalader Wickersham & Taft; Matthew Feig – Cadwalader Wickersham & Taft;

Law Firms: Cadwalader Wickersham & Taft;

Clients: Generali S.p.A;