Rochester, NY 8/19/2009 9:17:24 AM
UltraShort DJ-AIG Crude Oil ProShares, SCO, SCOR Received 'Catastrophe Risk Transaction of the Year' Award
UltraShort DJ-AIG Crude Oil ProShares
Environmental Finance magazine Held SCOR as the winner of 'Catastrophe Risk Transaction of the Year' for the company’s "Atlas V" transaction carried out in February 2009. Environmental Finance is a leading monthly industry magazine covering the ever-increasing impact of environmental issues on the lending, insurance, investment and trading decisions affecting industry.
Last 19 February 2009, the company closed the three series of its "Atlas V" catastrophe bond, the first "cat bond" issued worldwide in six months. The multi-year property catastrophe agreement with Atlas V Capital Limited provides protection of USD 200 million of protection for exposures to earthquakes and hurricanes in the USA and Puerto Rico.
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