Reinsurance News
CCR Re
CCR Re adds Maxime Krumholz as a non-life underwriter
4th April 2024
French reinsurer CCR Re has appointed Maxime Krumholz as a Non-Life Underwriter, where he will join the Northern Europe and the Central & Eastern Europe Non-Life teams within the firm's Underwriting Department. Most recently, Krumholz served as a Treaty Casualty Underwriter for Munich Re in Germany. Prior to that, he has served ... Read the full article
CCR Re’s profitable growth continues despite elevated nat cat costs in 2023
2nd April 2024
French reinsurer CCR Re has reported a 2.1 percentage point improvement in its combined ratio for 2023 to 96.6%, despite the cost of natural catastrophes, net of retrocession, rising by €53 million year-on-year to €88 million. Gross, natural catastrophe costs reached €117 million for CCR Re in 2023, a significant rise ... Read the full article
CCR choses Clearwater for its full-investment lifecycle solution
7th February 2024
French reinsurer Caisse Centrale de Réassurance (CCR) has selected Clearwater to power its entire investment management processes and streamline its unlisted assets workflow. CCR is a state-owned reinsurer that provides insurance companies operating in France with state-guaranteed coverage against natural disasters and other exceptional risks in the public interest. The French reinsurer ... Read the full article
Organic growth drives portfolio expansion for CCR Re at Jan 1 reinsurance renewals
5th February 2024
CCR Re, the French reinsurer, took advantage of "slightly tougher reinsurance rates" at the January renewals as the firm wrote almost €840 million of premiums, an increase of 11% year-on year. The January 1st, 2024, reinsurance renewals accounts for roughly 65% of CCR Re's portfolio. The reinsurer notes that more than half ... Read the full article
CCR Re sponsors sixth renewal of its 157 Re sidecar
16th January 2024
French reinsurer CCR Re has sponsored the sixth renewal of its reinsurance sidecar vehicle, 157 Re 24. According to the firm, access to the insurance-linked securities (ILS) market is an important part of its retrocession strategy, and despite another tight retrocession market this year, it still managed to take full advantage ... Read the full article
CCR RE promotes Guzman to Life underwriter for LatAm & Spain
11th January 2024
CCR RE, the French reinsurance company, has promoted Georges Guzman to Life underwriter for Latin America and Spain, further strengthening it's underwriting team. He joined the firm in 2016, and has since been a senior analyst in natural catastrophe modelling within CCR Re's Actuarial and Risk Department. Prior to joining the French reinsurer, ... Read the full article
Vito Gattuso joins CCR RE as Credit & Surety Underwriter
11th December 2023
French reinsurance company CCR Re has appointed Vito Gattuso as a Credit & Surety Underwriter. According to the announcement, Gattuso’s addition strengthen the Specialities & Global Risk team within CCR Re’s Underwriting Department. He joins the firm from Aon Reinsurance Solutions, where he most recently served as Credit, Surety & Financial Risks Reinsurance ... Read the full article
We share the same DNA with our new shareholders: CCR Re’s Montador
21st September 2023
French reinsurance company CCR Re was acquired by a consortium comprised of SMABTP and MACSF earlier this year, a deal which is positive for all parties and a good fit for the reinsurer, according to Deputy Chief Executive Officer (CEO), Laurent Montador. The two French mutual insurers, SMABTP, which specialises in ... Read the full article
CCR Re sees many opportunities to grow, says Deputy CEO Montador
15th September 2023
French reinsurer CCR Re is optimistic about the future following continued development and is confident of profitable growth, supported by its new ownership and capital injection, according to Deputy Chief Executive Officer (CEO), Laurent Montador. In an interview with Reinsurance News at the annual meeting of the reinsurance industry in Monte ... Read the full article
CCR Re announces improved combined ratio as H1 2023 turnover rises 19%
6th September 2023
CCR Re, the French state-owned reinsurer, has reported a turnover of €907 million for the first half of 2023, up 19% from the same period last year, supported by stronger profitability in its non-life business segment. The reinsurer has today announced a non-life combined ratio of 94.6%, which is down by ... Read the full article
AM Best affirms CCR Re ratings following acquisition
6th July 2023
AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of CCR Re. The ratings have been removed from under review with developing implications following the completion of the sale of a ... Read the full article
S&P upgrades CCR RE’s ratings following acquisition
5th July 2023
S&P Global Ratings has announced an upgrade in the issuer credit and financial strength ratings of French reinsurer CCR RE, raising them from 'A-' to 'A, following news of acquisition by SMABTP. The rating upgrade comes in the wake of SMABTP, in partnership with MACSF, successfully acquiring a majority stake ... Read the full article
CCR RE gets €200m capital injection as SMABTP & MACSF take control
3rd July 2023
A consortium comprised of SMABTP and MACSF have completed the acquisition of a majority shareholding in French reinsurer CCR RE, and also injected an additional €200 million of capital into the reinsurer, following relevant approvals being granted by the regulatory bodies. The acquisition represents a "strategic diversification project" for the two ... Read the full article
CCR Re well placed to benefit from new market environment in 2023, says CEO
30th March 2023
Bertrand Labilloy, Chairman & CEO of CCR Re, has suggested the firm is well placed to benefit from the new market environment in 2023 as it managed to "deliver a clean sheet in a turmoiled market" in 2022. The French state-owned reinsurer reported a total premium income of €987m in ... Read the full article
CCR Re sees GWP rise 17% despite turbulent market
29th March 2023
CCR Re, the French state-owned reinsurer, has reported a total premium income of €987m in 2022, up 17% compared with 2021. The firm states that it continued to pursue the profitable growth trajectory defined by the board of directors, in a market "hit by a combination of major shocks." CCR Re’s net ... Read the full article