SCOR successfully closes Atlas VI €75m catastrophe bond

Share

SCOR has announced that its latest foray into the insurance-linked securities market Atlas VI Capital Ltd. has closed successfully. Atlas VI provides SCOR with €75m of protection against certain European windstorms and Japanese earthquakes.

They say the issue was ‘significantly oversubscribed’ which is yet another sign of the investor interest the cat bond market is seeing. In the case of Atlas VI this is not at all surprising as it is a great chance for investors to diversify their catastrophe-linked portfolio away from the usual U.S. hurricane risks. The issue closed on 9th December and will run until 31st March 2013.

You can read the press release from SCOR here and we have full details of this transaction in our Deal Directory.

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.

Read previous post:
IFC officially launches Global Index Insurance Facility

The International Finance Corporation (IFC), a member of the World Bank Group, has officially launched the long awaited Global Index...

Close