Howden Re Advises Generali in establishing Red Bridge 2031 at Lloyd's

Integrated Howden Re team advises Generali on new Lloyd's syndicate

Howden Re has advised Generali Group in the establishment of Red Bridge 2031, a new Lloyd's syndicate, with Apollo selected as managing agent. The syndicate has received approval in principle from the Council of Lloyd's and is progressing towards launch.

Generali intends to cede a share of its reinsurance programmes to Red Bridge 2031. The platform provides a strategic route into the Lloyd's market and forms part of Generali's long-term approach to managing risk, in line with the  Generali Group’s “Lifetime Partner 27: Driving Excellence” strategic plan.

The transaction highlights the continued strength of Lloyd's as a global marketplace that brings together underwriting expertise, specialist risk transfer and capital. Through flexible structures and access to a broad investor base, insurers can create additional sources of capacity and support long-term growth ambitions.

Howden Re was appointed as Generali's exclusive adviser on the transaction. Working as one team across Howden Re International, Howden Re Capital Solutions and Howden Capital Markets & Advisory, the integrated Howden Re team supported the development of the reinsurance proposition, access to the Lloyd's market, capital structuring and strategic advisory services.

Massimo Reina, CEO, Howden Re International, said:

“This transaction demonstrates the value of combining deep insurance sector expertise with a strong understanding of Lloyd’s capital. Working as one team across Howden, we have supported Generali in creating a tailored platform designed to broaden its strategic options and attract third-party support from across the Lloyd’s capital ecosystem. Interest in the opportunity reflects the continued appeal of the Lloyd’s market to a diverse range of capital providers.”

Vijay Mavani, Managing Director, Howden Capital Solutions, added:

"This transaction demonstrates the value of the integrated Howden platform, combining deep reinsurance expertise, capital solutions capabilities and a strong understanding of Lloyd's capital. Working closely with Philipp Kusche and colleagues across Howden Capital Markets & Advisory, we have operated as one team to support Generali in creating a tailored platform designed to broaden its strategic options and facilitate access to capital from across the Lloyd's ecosystem. The level of interest in the opportunity highlights the continued attractiveness of the Lloyd's market to a diverse range of capital providers.

For further information, please refer to Generali's announcement.