Extreme mortality bond issuance predicted to expand as spreads tighten

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Reinsurers are expected to ramp up the issuance of life insurance-linked securities (ILS) following SCOR Global Life's placement of an $180 million extreme mortality bond last Friday.

The Atlas IX special purpose vehicle will provide SCOR with collateralised reinsurance protection from extreme US mortality losses over a five-year period.

The bond, which is designed to protect SCOR's balance sheet from extreme mortality events such as a pandemic, natural catastrophe, or large-scale terrorist atta

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