Scor Acquires London Asset Manager To Tap UK ILS Market
Law360, London (May 23, 2019, 4:43 PM BST) -- French reinsurer Scor announced Thursday it has agreed to buy Coriolis Capital, an asset manager specialized in the insurance-linked securities market, boosting its presence in one of the fastest growing parts of the insurance market.
Scor SE has acquired 100% of London-based Coriolis Capital Ltd — which invests in catastrophe bonds, collateralize reinsurance and climate derivatives — for an undisclosed amount. The deal is due to be completed in the second half of the year and will raise the amount of assets Scor has under management to $2.1 billion.
Insurance-linked securities play a vital role in the global reinsurance market by...
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