scor

French reinsurance firm SCOR has renewed its innovative contingent capital facility, which takes the form of a guaranteed equity line with UBS, and has expanded the cover it provides the reinsurer to €200m, covering both natural catastrophe and extreme life events.

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.

Here’s a quick update on the latest multi-peril catastrophe bond from SCOR, Atlas Reinsurance VII Limited, which we wrote about yesterday to reveal the doubling in size and lowering of price guidance. The transaction priced late yesterday and in the end SCOR took the maximum size of the deal while pricing came in right at […]

Yet again a catastrophe bond has increased in size during marketing and the expected pricing on the transaction has dropped to, and below, the originally marketed range. This has been a trend in the cat bond market this year, with cat bonds regularly increasing in size and investors accepting lower coupon payments than a deal […]

Regular catastrophe bond sponsor, French reinsurer SCOR, are returning to the cat bond market for another Atlas issuance. The latest Atlas cat bond see’s them revert back to the original naming convention that they began their ILS market ventures with, using an issuing entity named Atlas Reinsurance VII Limited. The ninth cat bond transaction in […]

French reinsurer SCOR have announced that they have extended the cover available to them through their natural catastrophe contingent capital facility which they launched back in 2010. They have elected to extend the innovative contingent capital solution, which acts as an event-driven guaranteed equity line, by an additional €75m taking the amount of cover SCOR’s […]

The recently completed Atlas VI Capital Ltd. 2011 catastrophe bond from SCOR, which secured them a $337m layer of reinsurance cover for certain of their U.S. hurricanes, U.S. earthquakes and European windstorm risks, was a first under the Irish SPV regime. All of SCOR’s Atlas cat bond have been domiciled in Dublin, Ireland but this […]

Reinsurer SCOR have announced the successful completion of their latest catastrophe bond transaction, Atlas VI Capital Ltd. 2011. It’s SCOR’s eighth time tapping the capital markets for catastrophe cover through one of their Atlas vehicles and this latest deal saw them issue three tranches of notes in two series, providing them just over $330m of […]

The latest Atlas catastrophe bonds from SCOR have grown in size during the marketing phase due to demand from investors. SCOR is issuing three tranches of notes, in two series, under their Atlas VI Capital Ltd. special purpose vehicle. Two tranches of Series 2011-1 cat bond notes are being issued to provide SCOR with U.S. […]

The Atlas VI Capital Ltd. Series 2011 catastrophe bond transaction which we covered the basic details of in an article last week has now received its preliminary rating from Standard & Poor’s. As a result we have more details on the transaction to bring to you here and have also updated our Deal Directory accordingly.