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Scor issues first UK cat bond

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France-based reinsurer Scor S.E. has issued the first full catastrophe bond to be domiciled in the United Kingdom following the recently enacted U.K. insurance-linked securities regulatory and tax regime, Artemis.bm reports. The $300-million cat bond provides multi-peril retrocessional reinsurance cover against European windstorms, U.S. named storms and U.S. and Canada earthquakes across a four-year term.

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