SCOR has successfully secured $75 million in fully-collateralized retrocession through its Atlas Capital DAC (Series 2026-1) catastrophe bond. The bond was priced at the low end of the initial guidance.
French reinsurance company SCOR has returned to the catastrophe bond market, achieving its target of $75 million from the Atlas Capital DAC (Series 2026-1) issuance. This catastrophe bond is designed to provide multi-peril retrocession coverage, enhancing SCOR's risk management capabilities.
The pricing of the notes occurred at the low end of the initial guidance, indicating a strategic approach to capital raising in the current market environment. This move is part of SCOR's broader strategy to bolster its retrocession capacity, ensuring adequate coverage against potential catastrophic events.
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Based on reporting by Artemis. All facts sourced from the original article.