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

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By David Freitas
10 Dec 2019

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.

The volume of subordinated insurance bonds reaching first call dates next year is about €4bn. 

This is much smaller that in the last two years, in which about €7bn of debt came up for call.

Given lower refinancing needs, insurance companies could be less active in the new ...

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