Insurers take to Coca as SCOR signs Eu150m deal
SCOR, the French reinsurer, has raised Eu150m of contingent capital through a novel product that could displace some use of catastrophe bonds and other risk transfer mechanisms for insurers and reinsurers.
SCOR signed the deal with UBS but is understood to have been advised during the process by Société Générale which has developed a product it calls event-driven guaranteed equity (Edge).
We wanted the name of the product to be as understandable as possible it means that we can
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