PARIS—SCOR S.E. plans to issue a $75 million catastrophe bond to protect against perils in Japan and Europe, according to Standard & Poor’s Corp.

The bond—Atlas VI Capital Ltd.—will provide the French reinsurer’s property/casualty unit, SCOR Global P&C, with reinsurance protection against major earthquakes in Japan and windstorms in northern and western Europe through April 2013.

The transaction is expected to close in December, New York-based S&P said last week. S&P assigned a preliminary rating of BB- to the bond.

Risk modeling will be provided by Newark, Calif.-based Risk Management Solutions Inc. using its Paradex parametric index to measure European windstorm losses. In addition, data from the Kyoshin Net of Japanese earthquake reporting stations will be utilized to measure earthquake perils, S&P said.

Investors told Business Insurance the cat bond could be upsized to the $100 million range due to strong investor appetite before its scheduled close in December.

In February, SCOR closed a $200 million cat bond, Atlas V, covering earthquakes and hurricanes in the United States and Puerto Rico through Feb. 19, 2012.