SCOR to acquire CORIOLIS.

SCOR Investment Partners, a recognized player in the Insurance-Linked Securities field, is set to acquire Coriolis Capital, a fund manager in the ILS field, investing in catastrophe bonds, collateralized reinsurance, and climate derivatives. Financial terms were not disclosed. 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 $2.1bn of assets under management. "With this acquisition, SCOR is advancing its development in the field of alternative reinsurance in order to seize market opportunities and benefit from the institutionalization of ILS as an asset class.", Denis Kessler, SCOR CEO.