SCOR successfully deploys new cat bond, Atlas Capital Reinsurance 2022 DAC-June 1, 2022 07:58

press release


June 1, 2022-No.12

SCOR has successfully placed a new cat bond, Atlas Capital

Reinsurance

202 202

2

DAC

SCOR has successfully placed the new cat bond (“”

Cat bond

), The Atlas Capital Reinsurance 2022 DAC provides the Group with US $ 240 million multi-year compensation for the risks of US storms and earthquakes in the US and Canada, and European windstorms. The risk period covered by the Atlas Capital Reinsurance 2022 DAC will be extended from 1.

er

From June 2022 to May 31, 2025. This issue has been approved by the Irish Regulatory Authority. This obligation includes elements of sustainable development in line with investor due diligence requirements.

The price of the cat bond was set on May 23, 2022 and the offer was closed on May 27, 2022. GC Securities

1

Served as a structured agent and co-lead manager (

s

Ore

s

Structured

Have

Man

When

b b

ookrunner

).Natixis

2

Served as a sustainable development consultant and co-lead manager. Wilkiefer and Walkers served as legal counsel.

The Atlas Capital Reinsurance 2022 DAC is a cat bond that provides aggregate coverage for index triggers approved in Ireland under Solvency II.

Guaranteeing effective capital protection is one of the strategic pillars of the SCOR Group, which regularly uses a wide range of products offered by financial markets.

Jean Paul

conoscent

,


General manager of

branch

P & C

Squall

,To tell:

“”

SCOR is happy

To renew our commitment to the Insurance Risk Securitization Market (ILS)

Ensure protection for years in the market environment

difficult

..

Bond placement

disaster

Atlas 2022 is the latest,

Is a part

An integral part of SCOR’s capital protection.

Warmly welcome him

Have

reserve

The market has proven an excellent reputation

SCOR in the ILS market

Wider with subscription

Sustainable

..

we

We appreciate

s

Towards

Irish regulator

Their support and responsiveness throughout

This transaction.

»»

*

** **


contact



detail

media


Natalie Mikaelov and Alexandre Garcia

[email protected]

Investor public relations


Yves Comier

[email protected] m

SCOR, the world’s leading reinsurance company

SCOR, the world’s fourth-largest reinsurance company, provides clients with innovative and diverse solutions and services for risk management and risk management. With the motto “Art and Science of Risk”, the Group uses its industry-recognized expertise and cutting-edge financial solutions to help people’s well-being and resilience.

SCOR offers clients a very high level of security, as evidenced by the AA level of financial ratings given by S & P, Moody’s, Fitch and AM Best. The group recorded premiums of over € 17.5 billion in 2021. Represented through 36 offices around the world, we serve customers in more than 160 countries.

For more information, please visit www.scor.com.

LinkedIn: SCOR | Twitter: @SCOR_SE

Description of future prospects


This document may contain forward-looking statements and information regarding the purposes of SCOR, including those relating to SCOR’s current or future plans.

These statements refer to terms such as “estimate,” “believe,” “aim,” “intention,” “expect,” “expect,” and “result,” as well as future tense and conditional mood. It may also be used to identify it. , “Required” and other similar expressions.

It should be noted that the achievement of these objectives and their forward-looking statements and information will depend on future circumstances and events.

We cannot guarantee the realization of these forward-looking statements and information. Forward-looking statements and information and information related to purpose are material to known or unknown risks, unspecified or unspecified uncertainties, and future outcomes, performance, and outcomes planned or expected by SCOR. It may be affected by other factors that may affect it.

In particular, the impact of the Covid-19 crisis on SCOR’s activities and outcomes cannot be accurately assessed. In particular, given the uncertainties associated with pandemic developments, health and economic implications, and the possible impact of future government decisions or legislation in this context.

Moreover, given the size and duration of the conflict and the uncertainties associated with its consequences, the impact of the Russian invasion and the war in Ukraine on SCOR’s activities and outcomes cannot be accurately assessed at this stage.

Therefore, all ratings and numbers shown in this document are necessarily estimates based on evolutionary analysis and contain a wide range of theoretical assumptions that are highly evolutionary.

Information on the risks and uncertainties that may affect SCOR’s business can be found in the 2021 Universal Registration Document, filed March 3, 2022, number D.22-0067. www.scor.com

Moreover, these forward-looking statements are not “profit forecasts” in the sense of Article 1 of the Commission Delegation Regulations (EU) 2019/980.

SCOR undertakes no obligation to publish any corrections or updates to these forward-looking statements and information.


1 GC Securities is a division of MMC Securities LLC, a registered broker-dealer in the United States and a member of FINRA, NFA, and SIPC.

2 Natixis (“Natixis”) is overseen by the European Central Bank (European Central Bank / “ECB”). Natixis is registered and under the supervision of the Prudential Control and Resolution Authority (“ACPR”) as a banking provider of investment services in France. Natixis is subject to regulation by Autorité des Marchés Financiers (“AMF”) in connection with its investment services activities. Natixis is subject to limited regulation by the Financial Conduct Authority (“FCA”) in the United Kingdom.

attachment

..