Reinsurance News

SCOR solidifies ILS position with Coriolis integration

28th April 2021 - Author: Matt Sheehan

SCOR Investment Partners, the SCOR group’s portfolio management company, has completed its integration of London-based ILS fund manager Coriolis Capital Limited.

SCORThe French reinsurer closed its acquisition of Coriolis in September 2019, after first announcing the transaction in May 2019.

However, SCOR has only now completed the integration of Coriolis’s operations into its existing ILS business.

The newly formed SCOR Investment Partners ILS platform now has over $2.6 billion of assets under management.

The platform benefits from larger assets under management and a broader combined franchise with resources in Paris and London, led by Head of ILS Sidney Rostan.

SCOR says this new set up will enable SCOR Investment Partners to better meet the needs of existing and potential investors in accordance with local regulations.

“I welcome this new step taken with the invaluable assistance of Diego Wauters who will act as a Senior ILS Advisor and will continue to bring all of his know-how and extensive knowledge of the market to our ILS platform,” said François de Varenne, CEO of SCOR Investment Partners.

“Under the leadership of Sidney Rostan, we are confident that the SCOR Investment Partners ILS Platform will form the basis for the continued growth and success of our ILS activity,” de Varenne continued.

“This new set up demonstrates the strategic importance of ILS in our product range and establishes SCOR Investment Partners as a Tier 1 ILS market player.”

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