Scor places catastrophe bond against Europe and US perils
Scor has launched a multi-million pound catastrophe bond to provide protection against US hurricanes and earthquakes and European windstorms as part of a strategy to diversify its capital protection tools.
Atlas Reinsurance VII was set up to provide the group with twofold protection of $60m in class A notes against US hurricanes and earthquakes, and €130m in class B notes against European windstorms
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