Atlas Reinsurance X Ltd.
The Artemis Collateralized Reinsurance Sidecar Directory provides information on fully-collateralized reinsurance sidecar vehicles established to enable third-party investors to share in the returns of insurance or reinsurance business.
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Atlas Reinsurance X Ltd. sidecar snapshot
- Reinsurance sidecar: Atlas Reinsurance X Ltd.
- Sponsor: SCOR
- Launched: December 2013
- Latest size: $55.5m (as at January 2014)
Atlas Reinsurance X Ltd. sidecar details
Large, France domiciled reinsurer SCOR launched its Atlas Reinsurance X Ltd. fully-collateralized retrocessional reinsurance sidecar in late December 2013, with $55.5m of capacity. The sidecar’s listing on the Irish Stock Exchange reveals it’s comprised of two tranches of notes. One tranche, the Class A notes, sized at $55m, while the Class B notes have a capacity of $500,000, both tranches of notes within the Atlas Reinsurance X Ltd. sidecar vehicle have a due date of 30th April, 2017.
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