Menu

Reinsurance News

CCR Re gross premium reaches €665mn in H1 2021

1st September 2021 - Author: Charlie Wood

French public-sector reinsurer CCR Re has reported gross premiums of €665 million during the first half of 2021, a 14% increase from the prior year period.

ccr-re-logoOwing to the firm’s risk management and provisioning policy, underwriting profitability was unaffected by the consequences of COVID-claims covered in 2020.

Underwriting profitability was also mostly unaffected by the large catastrophes covered over the period.

The results recorded are described as in-line with the company’s Streamline development plan, which runs from 2020 to 2022.

CCR Re’s 97% combined ratio combines with a Life margin rate which reached 5%; the solvency ratio of 200% is considered well within the optimal solvency range.

RMS

“CCR Re’s performance in the first half of 2021 supports the company’s objectives of profitable growth,” said Bertrand Labilloy, Chairman and CEO of CCR Re.

“The Streamline plan is well on track. We are in a strong position to meet the future expectations of our customers and partners.”

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
Swiss Re to invest $200mn in Economical Insurance’s new parent Definity: report

Global reinsurer Swiss Re is set to invest USD 200 million in a new parent company called Definity, which prior...

Close