Scor, a French global reinsurance company headquartered, providing life, health, property, and casualty reinsurance services worldwide, and Axa, a French multinational insurance and financial services group, have launched a Lloyd’s consortium focused on ecological restoration, targeting a segment of environmental risk long left outside mainstream insurance coverage.
The consortium aims to support financing for ecological restoration projects by reducing investment risk tied to implementation phases.
By providing insurance protection, the partners intend to unlock capital for projects restoring ecosystems damaged or destroyed by prior activity.
The initiative, branded Restore, is led by Scor Syndicate 2015 at Lloyd’s and managed by Scor Managing Agency. Capacity support comes from Axa XL Syndicate 2003.
Combined reach and balance sheet strength allow the structure to underwrite larger and more complex restoration projects across multiple regions.
Scor and Axa said the consortium addresses a gap in the insurance market where projects aimed at ecosystem recovery struggle to secure protection during early and execution-heavy stages.
Restore underwrites the phase where conditions for ecological recovery are established, a point where uncertainty often deters investors.
The launch builds on Scor’s Nature Restoration and Conservation initiative introduced in May 2024. That programme focuses on insurance solutions designed to support restoration and rehabilitation projects built around long-term environmental resilience.
Jean-Paul Conoscente said the Restore structure increases the probability of project completion by improving confidence for developers and financiers.
Partnering with Axa, allows Scor to expand capacity and address environmental challenges at greater scale.
The companies said the consortium is open to engagement with project developers, investors, and stakeholders active in ecological restoration.
The aim is to build a pipeline of insurable projects where risk transfer helps convert environmental ambition into deployable capital.
