Generali seeks first European flood cat bond

Generali is targeting EUR200mn ($223.5mn) from its Lion II Re
2017-1 cat bond, which is the first insurance-linked securities
(ILS) deal to include European flood risks, sister publication
Trading Risk reported last week.
The bond will also cover European windstorm and Italian
earthquake perils, on an indemnity, per-occurrence basis.
The first flood cat bond was the $150mn Blue Wings deal issued
by Allianz in 2007, but this only covered UK risks.
Since then, the MetroCat bonds for the New York..