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Retro support helps SCOR to remain profitable so far in 2017

Despite the significant catastrophe losses facing the reinsurance industry, French reinsurer SCOR has reported a profit for the first none months of 2017, as support from its retrocession providers helped the firm to better manage its losses.SCOR's significant retro protection has helped to moderate the impact of recent catastrophes, including read the full article →

Hannover Re completes capital markets mortality swap

German reinsurance firm Hannover Re has successfully completed a retrocessional transfer of extreme mortality risks to the capital markets, through the placement of an index-linked mortality swap with largely institutional investors.The swap covers extreme mortality scenarios on a multi-year basis, hedging life insurance risks against a sudden and severe increase read the full article →

SCOR’s Atlas IX Capital mortality bond well received by investors

French reinsurer SCOR recently completed its first non-life Atlas catastrophe bond issuance, the extreme mortality-linked Atlas IX Capital Limited (Series 2013-1). Aon Benfield Securities, the capital markets and investment banking division of the reinsurance broker, structured the deal and acted as a bookrunner.Through the transaction, SCOR receives $180m of U.S. read the full article →

SCOR completes Atlas IX Capital mortality bond at $180m

French reinsurer SCOR has successfully completed its latest catastrophe bond issuance, a mortality linked deal issued through Irish limited company Atlas IX Capital Limited The transaction provides SCOR with a multi-year source of fully-collateralized retrocessional reinsurance for extreme mortality events such as pandemics.This first issuance through Atlas IX Capital does not read the full article →

Atlas IX Capital mortality cat bond increases in size, price drops

Capital markets and third-party investors have shown their approval of the first mortality-linked catastrophe bond of the year, Atlas IX Capital Limited (Series 2013-1) an extreme mortality insurance-linked security sponsored by French reinsurer SCOR, helping it to grow in size and pushing pricing expectations down.The Atlas IX Capital Ltd. transaction, which read the full article →