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Hamilton, Bermuda:  7^th, December 2021 – Lion III Re DAC., (the “Company”) has advised the Bermuda Stock Exchange (the Exchange) of supplemental information provided by the Ceding Insurer, Assicurazioni Generali S.p.A in respect of its BSX listed €200,000,000 Principal At-Risk Variable Rate Notes Due 16^th, July 2025 (the “Notes”).  The full filing states:

 

Supplemental Information: Low Pressure System Bernd

Capitalized terms used herein and not defined shall have the meaning assigned to such terms in the Offering Circular of Lion III Re DAC dated as of June 18, 2021 in respect of the Notes.

Assicurazioni Generali S.p.A. (the“CedingInsurer”) is providing the following information as of November 30, 2021 as a courtesy to the Lion III Re DAC Noteholders regarding low pressure system Bernd:

·   A low pressure system identified by the Institute of Meteorology at the Free University of Berlin (Freie Universität Berlin) as Bernd commenced on July 10, 2021. Heavy rain during the course of such system caused significant flooding in parts of the Europe Windstorm Covered Area.

 

·         The Ceding Insurer communicates that Bernd is not a Europe Windstorm Event for the purpose of the Notes.

The foregoing does not represent an Informational Loss Estimate Notice, and the Ceding Insurer is not underany obligation to, and does not intend to, provide further loss information regarding the applicable events described herein unless the requirements for delivery of an Informational Loss Estimate Notice have beenmet.

This disclosure contains forward-looking statements, which are statements that are not purely historical in nature. Forward-looking statements may be identified by terminology such as “estimate,” “model,” “anticipate,” “believe,” “plan,” “hope,” “goal,” “initiative,” “expect,” “future,” “intend,” “will,” “could” and“should” or the negative thereof or by similar terminology. Investors should not place undue reliance on the forward-looking statements contained in this disclosure. As with any projection or forecast, forward-looking statements are inherently susceptible to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied in forward-looking statements. Actual results could differ materially from forward-looking statements for many reasons. There can be no assurance that the Notes will not be adversely affected by the event described herein or other catastrophes or severe weather events. The Ceding Insurer and Lion III Re DAC expressly disclaim any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise unless the requirements for an Informational Loss Estimate Notice have been met.

 

 

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For more information on the Bermuda Stock Exchange (BSX), contact James Best at 1-441-292-7212 or jBest@bsx.com . Information is also available at www.bsx.com and on Bloomberg at BSX.

 

Established in 1971 the Bermuda Stock Exchange (BSX) is now the leading fully electronic offshore securities market. The BSX specializes in listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and Insurance Linked Securities.

 

The BSX, recognised by the US SEC as a Designated Offshore Securities Market, is a member of the World Federation of Exchanges and is located in an O.E.C.D. member nation. The BSX has Approved Stock Exchange status under Australia’s Foreign Investment Fund (FIF) taxation rules; Designated Investment Exchange status by the UK’s Financial Services Authority; Recognised Stock Exchange by the UK HM Revenue and Customs; Designated Exchange status under Canada’s Income Tax Act and is a member of America’s Central Securities Depository Association.