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          Green Insurance Linked Securities

          In 2021 Generali sponsored Lion III Re catastrophe risk bond, the first ever Insurance Linked Security (ILS) issuance embedding innovative green features in compliance with the Generali Green ILS Framework, which allows for the transfer of insurance risk to institutional investors. In line with its principles: (i) Generali's freed-up capital resulting from the Lion III Re transaction will be allocated to green projects, (ii) the collateral is invested into highly rated green notes issued by the European Bank for Reconstruction and Development (EBRD), (iii) a dedicated reporting of the allocation of freed-up capital to eligible projects as well as EBRD reporting on its Green Projects Portfolio will be provided. In addition, the primary service providers engaged have shown commitment to a sustainability framework in their business activities.

          For more details on our Green Insurance Linked Securities Framework you can read:

          Green Insurance Linked Securities Report 2022 – Issuance 2021 3 mb  
          Generali defines a framework for the structuring of Green Insurance Linked Securities - Press Release 305 kb  
          Green Insurance Linked Securities Framework 201 kb  
          Second Party Opinion by Sustainalytics 523 kb