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NEWARK, Calif. - April 29, 2014 RMS, the world’s leading catastrophe management firm, today announced that it has conducted the risk analysis for a new catastrophe bond issued by Lion I Re Ltd. The bond is the first to be sponsored by Assicurazioni Generali S.p.A. (Generali) and is the first indemnity Europe windstorm catastrophe bond to be issued using an independent modeling agent. The transaction, which transfers €190 million of catastrophic Europe windstorm risk to the capital markets, was modeled using the RMS 2011 Europe Windstorm Model.

“We are proud to have partnered with Generali on this highly successful and important transaction” said Peter Nakada, managing director, capital markets, RMS. “The strong support from investors demonstrates the market’s appetite for diversifying perils such as Europe windstorm. Successful execution with an indemnity trigger also shows growing comfort with this type of risk. Overall this is a strong endorsement of both Generali’s catastrophe management and RMS modeling capabilities.”

Lion I Re Ltd transfers €190 million of Generali’s exposure to losses resulting from Europe windstorms, as named by the Freie Universität Berlin, across 16 European countries. High levels of demand for the notes allowed the transaction to be upsized from €150 million to €190 million and to achieve final pricing at 225 basis points.

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About RMS

Risk Management Solutions, Inc. (RMS) helps insurers, financial markets, corporations, and public agencies evaluate and manage global risk from natural and man-made catastrophes, including hurricanes, earthquakes, floods, climate change, cyber, and pandemics.

RMS leads the catastrophe risk industry that we helped to pioneer by marrying data and advanced model science with leading-edge technology. Leaders across multiple industries can address the risks of tomorrow through RMS Risk Intelligence™, our open, real-time exposure and risk management platform, enabling them to tap into RMS HD models, rich data layers, intuitive applications and APIs that simply integrate into existing enterprise systems.

RMS is a trusted solutions partner enabling effective risk management for better business decision making across underwriting, risk selection, mitigation, and portfolio management.

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Media Contacts

Matthew Longbottom

PR Lead, EU and APAC
+44 20 7444 7706 prteam@rms.com

Devonne Cusi

PR Lead, Americas
+1 551 226 1604 prteam@rms.com
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