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Alternative Insurance Capital

Scor shares battered after rights news

France-based reinsurer Scor saw its share price fall by nearly 25% when CEO Denis Kessler said that the company would be asking shareholders for €600mn in new capital. The price is now back to its 2003 low, reached in March when the general stock market was at its lowest. In the interim the price had moved up to more than €6.

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