Scor, the French insurance firm, is aiming to more than double its €313m ($314m) market capitalisation with the launch of its €381m rights issue.

BNP Paribas is the sole lead manager of the deal. A group of Scor shareholders have committed to subscribe for nearly 50% of the new shares, and 75% of the offer is being underwritten by the banking syndicate, including commitments from shareholders.