France-based global reinsurer SCOR has completed its sponsorship of new catastrophe bonds Atlas Capital DAC Series 2026-1, providing $75 million in multi-year protection against a range of natural catastrophe risks.
The issue provides coverage for named storms in the United States and Caribbean, earthquakes in the United States and Canada, and storms in Europe.
The protection period is from June 1, 2026 to May 31, 2029. SCOR confirmed that the transaction has received approval from Irish regulators and contains ESG-related elements designed to assist investors in their due diligence assessments.
According to SCOR, the catastrophe bonds were priced on May 20, 2026, with a spread of 6.00%, and issued on May 27, 2026. The company said the deal received strong support from investors in the insurance-related securities market. GC Securities acted as sole structuring agent and sole bookrunner on the transaction, while Willkie Farr and Walkers provided legal advice to SCOR.
SCOR describes Atlas Capital DAC Series 2026-1 as a composite 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, which has been in use since 2023, may support future catastrophe bond issuances covering life and health (L&H) and property and casualty (P&C) risks. SCOR added that the continued use of this structure will help make the issuance process for the fourth transaction more efficient and cost-effective.
The company said the size of the offering reflects its current catastrophe risk and its broader pass-through strategy under its 2026 forward plan. SCOR’s strategy identifies risk-sharing partnerships, including insurance-related securities solutions such as catastrophe bonds, as part of its long-term value creation objectives.
Philipp Rüede, SCOR Group Chief Financial Officer, added: “SCOR is pleased to sponsor a new catastrophe bond this year, ensuring multi-year protection against peak natural disasters in the ILS market at favorable pricing terms. SCOR is a long-term sponsor of catastrophe bonds and we are delighted with the continued support of investors as catastrophe bonds form an integral part of our risk partner strategy in our forward plan to 2026. We are also excited about the return of DAC to Atlas Capital through our fourth financing Very pleased with the efficiency gains. ”
For more details on the Atlas Capital DAC Series 2026-1 transaction, please visit the related Artemis transaction page, and for details on all other catastrophe bonds, please visit Artemis Trading Catalog.
