Generali develops framework for Green insurance-linked securities (ILS)



Generali, one of the largest global insurance and asset management companies, has recognised the potential for insurance and reinsurance linked investments to have green or ESG credentials and has developed a framework for Green insurance-linked securities (ILS).

As a recognised European sponsor of catastrophe bonds, as one of the way’s it sources reinsurance protection from the capital markets, Generali is already a participant in the ILS market.

But the company is also a huge investor and has a focus on creating new framework’s for sustainable investing, resulting in this move to develop what it calls a “Green Insurance Linked Securities Framework”.

Generali said that this is aligned with its own sustainability and capital management strategies, with the initiative to develop a framework for Green ILS closely related to one it has already worked on for Green bond investing.

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