SCOR, the France-based global reinsurance group, has completed the sponsorship of a new catastrophe bond, Atlas Capital DAC Series 2026-1, securing USD 75 million in multi-year protection against a range of natural catastrophe risks.
The issuance provides cover for named storms across the United States and the Caribbean, earthquakes in the United States and Canada, and windstorms in Europe.
The protection period will run from 1 June 2026 until 31 May 2029. SCOR confirmed that the transaction received approval from Irish regulators and includes ESG-related elements intended to assist investors with due diligence assessments.
According to SCOR, the catastrophe bond was priced on 20 May 2026 with a spread of 6.00% before being issued on 27 May 2026. The company said the transaction received strong support from investors in the insurance-linked securities market. GC Securities acted as sole structuring agent and sole bookrunner on the deal, while legal advice to SCOR was provided by Willkie Farr and Walkers.
SCOR described Atlas Capital DAC Series 2026-1 as an aggregate, index-triggered catastrophe bond issued through Atlas Capital DAC, a multi-arrangement special purpose vehicle established in Ireland under Solvency II rules. The company noted that the platform has been in use since 2023 and may support future catastrophe bond issuances covering both life and health (L&H) and property and casualty (P&C) risks. SCOR added that the continued use of the structure contributed to a more efficient and cost-effective issuance process for its fourth transaction.
The company said the size of the issuance reflects its current catastrophe exposure and broader retrocession strategy under its Forward 2026 plan. SCOR’s strategy identifies risk-sharing partnerships, including insurance-linked securities solutions such as catastrophe bonds, as part of its long-term value creation objectives.
Philipp Rüede, Group Chief Financial Officer of SCOR, added: “SCOR is pleased to sponsor a new cat bond this year, securing multi-year protection against peak natural perils from the ILS market at favourable pricing conditions. SCOR is a longstanding sponsor of cat bonds, and we are delighted by the continued investor support, as cat bonds are an integral part of our risk partnerships strategy under the Forward 2026 plan. We are also very pleased with the efficiency gains made by reusing Atlas Capital DAC for a fourth year.”
Further details on the Atlas Capital DAC Series 2026-1 transaction are available on the related Artemis deal page, and details on all other cat bonds are available on the Artemis Deal Directory.
