Scor places $150 million cat bond

Paris-based reinsurer Scor S.E. has sponsored a $150 million catastrophe bond, the company said in a statement Thursday.

In connection with the placement of the bond, Scor Global P&C will enter into a risk-transfer contract with the issuer, Atlas IX Capital Limited, an Irish private limited company incorporated on Aug. 2, 2013.

The bond, called Atlas IX Series 2015-1, will provide $150 million of coverage for a named storm in the United States and earthquakes in the U.S. or Canada, from Feb. 11, 2015 to Dec. 31, 2018, the statement said.