The $150mn Atlas IX Capital 2015-1 class A cat bond issued by Scor is now receiving bids as low as 1 cent, according to pricing sheets for last week obtained by Trading Risk.
Scor's retrocession arrangements have reduced Scor's gross losses for HIM and the Mexican earthquakes by 44 percent, equity analyst Jefferies has said based on Scor's recent loss update.
Hurricane Nate made landfall near the Louisiana/ Mississippi overnight as a Category 1 hurricane, as the threat to the metropolitan area of New Orleans was downgraded by the National Hurricane Center (NHC).
