Scor moves as EU insurers set to beat Solvency II supply rush

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Scor moves as EU insurers set to beat Solvency II supply rush

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26 June 2019, Mecklenburg-Western Pomerania, Stolpe: A section of the Eugal natural gas pipeline (European Gas Link Pipeline) is ready to be laid in the Peene Tunnel (intake with drone). The Eugal consists of two strands as far as Weißack in Brandenburg, then it runs in one strand as far as Deutschneudorf on the Czech border. By the end of 2019, the first of two pipelines, through which the Russian natural gas from the Nord Stream 2 Baltic Sea pipeline will be transported inland, is due to be completed (dpa "Pipeline construction undermines nature reserve in the Peene Valley"). Photo: Stefan Sauer/dpa-Zentralbild/dpa | Stefan Sauer/DPA/PA Images

European insurance companies have limited refinancing needs in 2020, but analysts say that the sector will take advantage of market conditions to clean up capital structures for Solvency II. French insurance firm Scor this week was looking to beat the rush with a tap of a restricted tier one (RT1) bond.

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