Walkers Ireland was pleased to advise Assicurazioni Generali S.p.A., Italy’s largest insurer by premiums and Europe’s 3rd largest insurer, on its debut €190 million catastrophe bond issued through Lion I Re Limited, an Irish special purpose reinsurance vehicle authorised by the Central Bank of Ireland. Lion I Re issued a single tranche of catastrophe bonds for the purpose of providing Generali and its subsidiaries with multi-year excess of loss, per occurrence indemnity protection against European windstorm risk affecting selected European countries for a period of three years.