Scor draws EUR75mn contingent capital as Q1 cat losses rise
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Scor draws EUR75mn contingent capital as Q1 cat losses rise

05 July 2011
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French-headquartered reinsurer Scor will draw down the first EUR75mn tranche of its contingent capital credit line from investment bank UBS after lifting its first-quarter catastrophe loss estimates by EUR10-15mn.

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Topics

News Catastrophe bonds June 2011/1 Stocks Catastrophe losses Capital raising
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