-+ 0.00%
-+ 0.00%
-+ 0.00%

Scor Renews Contingent Capital Program with JP Morgan

MT Newswires·12/19/2025 00:13:54
Listen to the news
12:13 AM EST, 12/19/2025 (MT Newswires) -- Scor (SCR.PA) said Thursday it renewed its contingent capital program with JP Morgan, covering share subscription warrants, for three years. The program can provide additional capital of up to 300 million euros to the French reinsurance company during extreme events, including natural disasters, or when the company's share price falls significantly. The warrants will be automatically exercised in the cases specified in the agreement, protecting the company's equity and solvency. The renewal covers the period from Jan. 1, 2026, to Dec. 31, 2028.