French reinsurer SCOR has returned to the London market for its latest $250 million catastrophe bond to protect itself against losses from named storms and earthquakes in the US and Canada, and windstorms in Europe.
Atlas Capital UK 2019 will provide the group with multi-year risk transfer capacity of $250 million. The risk period will run from June 1, 2019 to May 31, 2023.
The transaction has received the approval of the Prudential Regulatory Authority (PRA) and the UK regulatory authorities.
SCOR, Catastrophe bond, Risk transfer, ILS, Jean-Paul Conoscente, Reinsurance, ILS, Atlas Capital UK 2019, London market, UK, North america, Perils, Europe