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French reinsurance company SCOR has returned to the capital markets to secure a new catastrophe bond to expand its capital markets backed sources of retrocessional reinsurance protection. For its first cat bond in two years, SCOR has returned to Dublin, Ireland, to establish a new special purpose insurer named Atlas Capital Reinsurance 2022 DAC for […]

French reinsurance company SCOR has returned to the capital markets to secure a new catastrophe bond backed source of retrocessional reinsurance protection. For its first cat bond of 2020, SCOR has reverted the issuer back to Dublin, Ireland, establishing a new special purpose insurer named Atlas Capital Reinsurance 2020 DAC. The reinsurers last two cat […]

This latest Atlas catastrophe bond is the second transaction domiciled in the United Kingdom and sponsored by French reinsurance firm SCOR. A new vehicle has been registered in the UK for this transaction, named Atlas Capital UK 2019 PLC we understand. A single tranche of notes will be issued, which we’re told is currently targeting […]

This is French reinsurance firm SCOR’s first catastrophe bond since 2016 and the reinsurer is making use of the recently enacted UK ILS regulatory and tax regime for the transaction, a move away from Ireland where its previous special purpose issuers have been based. This transaction from SCOR is the first full catastrophe bond issuance […]

The Atlas Re cat bond deal, placed through a special purpose vehicle incorporated in Ireland, protects Scor’s property and construction portfolio over a period of three years from certain insured windstorm losses in seven European countries and for certain insured losses due to earthquake and fire following a quake in Japan or the state of […]

SCOR Group announced that it has placed in the capital market, a second multi-year reinsurance protection of USD 150 million intended to cover claims linked to natural catastrophe events from January 1, 2002. The cover was placed through Atlas Re II a special purpose vehicle incorporated in Ireland, to protect SCOR for a period of […]

This multi-year property catastrophe retrocession agreement with Atlas Reinsurance III p.l.c., a special purpose reinsurance company incorporated under the laws of Ireland provides €120 million ($159 milion) of additional reinsurance coverage for SCOR and its affiliates. Atlas Reinsurance III Plc then transformed the retro contract to cat bond notes and placed them with investors. This […]

The fourth catastrophe risk securitization under the Atlas series, buying three-year parametric cover of €160m to protect its exposure to European windstorm and Japanese earthquake. This contract will provide for payments to SCOR if a windstorm of a certain magnitude occurs within predefined countries of Europe, or if an earthquake of a certain magnitude occurs […]

This $200m, 3 year deal has been issued by Ireland domiciled special purpose vehicle Atlas Reinsurance V Ltd. on behalf of Scor Global P&C. It provides the reinsurer with retrocessional capacity to cover it against certain U.S. and Caribbean hurricane and earthquake risks. The deal has been structured into three series. Series 1 being $50m […]

Atlas VI Capital Ltd. (a Dublin, Ireland based SPV) is issuing a €75m (US$113m) catastrophe bond deal on behalf of SCOR. The transaction is designed to provide SCOR Global P&C SE with protection against major Japanese earthquakes and certain northern and western European windstorms over 3.5 years. The deal is scheduled to provide protection between December 2009 and […]

Atlas Reinsurance X Ltd. sidecar details Large, France domiciled reinsurer SCOR launched its Atlas Reinsurance X Ltd. fully-collateralized retrocessional reinsurance sidecar in late December 2013, with $55.5m of capacity. The sidecar’s listing on the Irish Stock Exchange reveals it’s comprised of two tranches of notes. One tranche, the Class A notes, sized at $55m, while the […]