SCOR issues a new contingent capital facility


Reinsurer SCOR is launching a new 3-year contingent capital facility. This takes the form of a contingent equity line, providing the group with €300 million coverage in case of extreme natural catastrophe or life events impacting mortality. The facility enables the group to protect its solvency in case of catastrophe events and is consistent with the company’s Quantum Leap strategic plan.

SCOR, Insurance, Reinsurance, Contingent capital facility, Denis Kessler, Europe

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