News Reinsurance06 Jun 2019

Global reinsurer boosts risk transfer capacity amid Nat CAT

SCOR Global P&C CEO Jean-Paul Conoscente

SCOR obtained a multi-year risk transfer capacity of $250m to protect itself against named storms in the US, earthquakes in the US and Canada as well as windstorms in Europe after the reinsurer successfully sponsored a new catastrophe bond. Called 'Atlas Capital UK 2019', the risk period for the CAT bond will run from 1 June 2019 to 31 May 2023.

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