Scor in EUR150mn contingent capital deal
Scor has struck a contingent capital deal with UBS that allows the French reinsurer to raise up to EUR150mn in equity capital if certain natural catastrophes occur over the next three years.
Arranged in two separate EUR75mn tranches, the facility is triggered if Scor incurs total aggregated losses from a large number of qualifying natural catastrophes including earthquakes, storm losses or flooding.
The cover is initially for three years - from 1 January 2011 to 31 December 2013 - with...
You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.
Purchase
Follow us:
