Scor signs four-year mortality swap deal with JP Morgan
Scor Global Life, a subsidiary of reinsurer Scor, has signed a four-year mortality swap with the leading financial services firm JPMorgan, under the terms of which it will receive up to $100m and €36m in the event of a significant rise in mortality.
A statement from the company revealed that the agreement will run from 1 January 2008 to 31 December 2011.
In the deal, Scor will be compensated “notably” for a rise in mortality rates due to major
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