SCOR has successfully sponsored a new catastrophe bond (“cat bond”), Atlas Capital DAC Series 2026-1, which will provide the Group with multi-year risk transfer capacity of USD 75 million to protect itself against named storms in the US and the Caribbean, earthquakes in the US and Canada, and European windstorms.

According to the press release, the risk period for Atlas Capital DAC Series 2026-1 will run from 1 June 2026 to 31 May 2029. The transaction has received the approval of the Irish regulatory authorities. The cat bond offering integrates ESG-related considerations to support investors' due diligence.

The cat bond was priced on 20 May 2026 with an interest spread of 6.00% and was issued on 27 May 2026. Atlas Capital DAC Series 2026-1 was well received, supported by healthy investor demand.

“SCOR is pleased to sponsor a new cat bond this year, securing multi-year protection against peak natural perils from the ILS market at favorable 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”, said Philipp Rüede, Group Chief Financial Officer of SCOR.