France headquartered globally active reinsurance firm SCOR has increased its third-party capital support in the first-quarter of 2022, taking the capital managed under its collateralised reinsurance sidecar platform to US $400 million.
SCOR has been leveraging third-party capital from investors more meaningfully in recent months, as it both de-risks its reinsurance book by reducing catastrophe exposures, while also managing the challenging retrocession marketplace.
This resulted in an increase in the reinsurers sidecar capacity to US $300 million for the start of 2022.
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