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SCOR completes Atlas Reinsurance VII catastrophe bond

6th November 2012

French reinsurer SCOR has completed its latest catastrophe bond, securing approximately $228m of multi-year retrocessional reinsurance cover for itself on a fully collateralised basis. Atlas Reinsurance VII Limited saw SCOR offload certain U.S. hurricane, U.S. earthquake and European windstorm risks to capital market investors on both aggregate and per-occurrence basis’ using industry loss index triggers.

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