Harvey and Irma to dent earnings, not capital: Scor

Hurricanes Harvey and Irma are expected to be "an earnings
event rather than a capital event" for Scor, the firm said in
a statement today.
Retrocession cover put in place by the group will protect it as
expected, with "ample unused capacity and no breach of the
upper limits", Scor said.
"It will remain effective to protect the group from the
occurrence of further events in 2017," the firm added.The likelihood of 2017 losses triggering Scor's contingent
capital facility,...