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Scor: completes acquisition of Coriolis Capital

(CercleFinance.com) - The portfolio management company of reinsurance group Scor, says that on Tuesday it finalised the acquisition of 100% of the capital of Corolis Capital Limited, a deal that was announced on 23 May.

This acquisition, which has obtained all the necessary regulatory approvals from the authorities concerned - in particular, the FCA in the UK, will enable Scor to step up its development in the field of ILS (insurance-linked securities).

"With this first acquisition, SCOR Investment Partners is entering an important new phase in its development and expanding its capacity on the ILS market, reaching an aggregate sum of USD 2.1 billion of assets under management(1)and operating in both Paris and London."

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