Reinsurance Giant SCOR Acquires ILS Manager Coriolis Capital

Posted on 05/23/2019

Paris-based SCOR SE is a reinsurance company, originally called Société Commerciale de Réassurance. SCOR Investment Partners is the SCOR group’s portfolio management company. SCOR Investment Partners acquired a 100% equity stake in London-based Coriolis Capital Limited, a fund manager that specializes in insurance-linked securities (ILS). Subject to regulatory approval, Coriolis Capital will become a fully owned subsidiary of SCOR Investment Partners, with the transaction due to be finalized in the second half of 2019.

SCOR Investment Partners launched its Atropos investment fund in 2011. SCOR Investment Partners builds for its clients diversified ILS portfolios exposed exclusively to natural catastrophe risk.