(AOF) – Scor has announced that it has finalized the establishment of a sidecar with Swedish pension fund Alecta for an investment of $ 200 million. Atlas Gotland Worldwide Catastrophe Sidecar is a compartment of the dedicated Bermudian vehicle Atlas Re Limited. Thanks to this investment, Alecta will benefit, on the basis of a multi-year agreement, from the return of Scor Global P & C’s diversified Natural Catastrophe reinsurance portfolio.
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In France, the amount of contributions for the month of May 2021 has doubled compared to May 2020, from 5.7 billion euros to 11.4 billion euros.
The market is gradually changing due to a more marked interest on the part of savers in unit-linked funds, while funds in euros are experiencing a net outflow. In May, the net inflow of products in units of account (UA) amounted to 2.8 billion euros. Over the first five months of the year, it reached 13.7 billion euros, a level not seen for fifteen years. The share of UC contributions in total contributions reached 40% in May, against 34% in 2020. This enthusiasm would come both from the good performance of the financial markets but also from pressure from insurers to encourage their clients to invest in this type of support.
Another element of transformation of the sector: the market for retirement savings plans (PER) is also experiencing significant growth. 117,000 additional policyholders subscribed to a retirement savings plan in May 2021, a jump of 335% compared to the previous month.