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

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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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