Global reinsurance firm SCOR is set to receive an almost $26 million payout after its aggregated losses from the 2017 hurricanes Harvey, Irma and Maria triggered its $150 million Atlas IX Capital Limited (Series 2015-1) catastrophe bond.
France headquartered global reinsurance firm SCOR has returned to London for its latest catastrophe bond, successfully upsizing the multi-peril Atlas Capital UK 2019 PLC (Series 2019-1) transaction to $250 million in the process thanks to strong support from investors.
The latest catastrophe bond to be sponsored by French reinsurance company SCOR has now been priced at the lower-end of the raised coupon guidance range, at the upsized amount of $250 million.
The second catastrophe bond to be issued in the UK for sponsoring French reinsurance company SCOR is set to upsize, as the multi-peril Atlas Capital UK 2019 PLC (Series 2019-1) transaction is expected to reach $250 million.
French global reinsurance player SCOR is back in the market with what will be the firms second catastrophe bond to be domiciled in the United Kingdom, a $175 million multi-peril Atlas Capital UK 2019 PLC (Series 2019-1) transaction.
French reinsurance company SCOR said that the recent completion of its $300 million Atlas Capital UK 2018 PLC (Series 2018 ISPV 1) catastrophe bond, which is the first UK domiciled cat bond transaction under new legislation, is aligned with its strategic goals and demonstrates the reinsurers “capacity to innovate.”
The price guidance has been lowered for French reinsurance firm SCOR’s latest catastrophe bond the $300 million Atlas Capital UK 2018 PLC (Series 2018 ISPV 1), as demand from ILS investors looks set to result in another transaction pricing at the low-end of initial guidance for this first cat bond under the new UK regulatory […]
French headquartered global reinsurance firm SCOR has returned to the capital market for its first catastrophe bond in over two years and has switched its preferred ILS domicile to the UK, leveraging the new regulatory regime there to sponsor a $300 million Atlas Capital UK 2018 PLC (Series 2018 ISPV 1) transaction.
Two more aggregate retrocession catastrophe bonds are being priced for potential losses from recent hurricane events by brokers, with French reinsurance firm SCOR’s $150m Atlas IX Capital Limited (Series 2015-1) marked right down to single digit bids and its $300m Atlas IX Capital DAC (Series 2016-1) discounted by as much as 65%.
French reinsurance company SCOR said that the $300 million size of its recently completed Atlas IX Capital DAC (Series 2016-1) catastrophe bond, which replaced a $60 million tranche of a matured cat bond, reflects the firms increased presence in the U.S. catastrophe risk market.
