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June 19, 2015
Cadwalader, Wickersham & Taft LLP, a leading counselor to global financial institutions and corporations, today announced that Lion I Re, a groundbreaking catastrophe bond sponsored by Assicurazioni Generali S.p.A., has been recognized by Trading Risk as Non-Life Transaction of the Year 2014. Cadwalader acted as transaction counsel to Generali in respect of Lion I Re.
Lion I Re was notable as the first catastrophe bond sponsored by an Italian insurer and the first catastrophe bond providing indemnity protection against Europe windstorm risks to be offered in a Rule 144A offering.
The Cadwalader team included Adam Blakemore and Robert Cannon.
Cadwalader, through its New York and London offices, advises clients on a range of insurance-linked securities transactions including catastrophe and extreme mortality bonds, reinsurance sidecars, collateralised reinsurance and longevity bonds, as well as on bilateral risk transfer agreements, value in force monetisations and premium financing securitisations.
The Trading Risk Awards are hosted by Trading Risk, a leading publication covering the convergence of the (re)insurance industry with the capital markets. The event was held at the Grange St. Paul’s Hotel in London on 18 June, 2015.