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8 months ago
BRIEF-Reinsurer Scor issues a new contingent capital facility
December 15, 2016 / 7:59 AM / 8 months ago

BRIEF-Reinsurer Scor issues a new contingent capital facility

Dec 15 (Reuters) - Scor

* Announces the launch of a new 3-year contingent capital facility

* Takes the form of a contingent equity line, providing the group with 300 million euros ($314.37 million) coverage in case of extreme natural catastrophe or life events impacting mortality

* Under this new EUR 300 million arrangement, SCOR raises its protection versus the existing contingent capital solution by EUR 100 million. Source text for Eikon: Further company coverage: ($1 = 0.9543 euros)

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