Regardless of the cycle, SCOR will continue to sponsor cat bonds: Jean-Paul Conoscente

Speaking at global reinsurer SCOR’s briefing at RVS 2025 in Monte Carlo, Jean-Paul Conoscente, Chief Executive Officer (CEO) of SCOR Global P&C, said that the firm will continue to sponsor catastrophe bond issuances regardless of the market cycle.

In April, SCOR sponsored its twentieth cat bond, the $240 million Atlas Capital DAC (Series 2025-1) which provides the reinsurer with retrocession protection against numerous perils.

In light of the company’s consistency in the cat bond space, we asked executives at the firm how important these issuances are within its retrocession needs.

“For us, cat bond issuance remains a centrepiece of our outwards retrocession,” said Conoscente. “Our strategy on the retro side is to be a consistent buyer of retro and a long-term buyer. And with the cat bond market, we want to apply the same strategy, we’re a long-term buyer of cat bonds and a consistent buyer of cat bonds.”

“I would say going forwards, and again the cycle goes up and down, but regardless of the cycle, our intention is to continue to issue cat bonds going forward,” he added.

Conoscente went on to highlight that SCOR does look at other capital markets-backed products every year, and has tested a few that remain of interest.

“So, when we look at our strategy for retrocession it includes instruments like cat bonds, it includes traditional retrocession, and includes some ILS-type alternative products,” continued Conoscente.

SCOR’s CEO, Thierry Léger, also commented, emphasising that SCOR is not just a buyer of cat bonds, but has multiple funds, and is “one of the leaders globally in providing this kind of alternative investment.”

“So, I think we’re a great supporter of that space, which has developed, actually, in quite a disciplined way, in terms of terms and conditions and price,” said the CEO.

Read about every cat bond sponsored by SCOR in our Deal Directory, just filter the list by sponsor.