Atlas Capital DAC Series 2023-1

France headquartered global reinsurance company SCOR hailed the successful placement of its $75 million Atlas Capital DAC (Series 2023-1) multi-peril retrocession catastrophe bond, while noting that the reduced size, compared to previous cat bonds, is in line with its efforts to reduce its overall catastrophe exposure.

France-headquartered global reinsurance firm SCOR has achieved a strong pricing result in the catastrophe bond market, as its new Atlas Capital DAC (Series 2023-1) multi-peril retrocession deal has now been priced roughly 17% below the initial mid-point of spread guidance.

Global reinsurance group SCOR has slashed the price guidance for its new Atlas Capital DAC (Series 2023-1) multi-peril retrocession focused catastrophe bond issuance, with updated spread guidance indicating a roughly -11.5% fall.

France headquartered global reinsurance company SCOR has returned to the catastrophe bond market to boost its retrocession arrangements, targeting at least $75 million of multi-peril protection from an Atlas Capital DAC (Series 2023-1) issuance.