Reinsurance News

CCR Re

CCR’s profit falls following higher 2017 catastrophe losses

13th April 2018

CCR, a state-backed reinsurer that covers the French insurance market against natural disasters, has published its 2017 results, revealing a challenging year for the company that saw its net profit fall by 68% due to an exceptional tax expense, exacerbated by insured losses of €2.04 billion. Insured losses were up from €1.10 ... Read the full article

CCR signs agreement with French state underlining reinsurer’s role

1st March 2017

Reinsurer Caisse Centrale de Reassurance (CCR) and the State of France have entered into a new agreement to redefine CCR’s primary state delegated roles, essentially clarifying the role of the reinsurer. The agreement was signed by the Minister of the Economy and Finance, Michel Sapin, and the senior executives of CCR, ... Read the full article

CCR Re adds three to board of directors

24th January 2017

French reinsurance firm CCR Re has announced three new appointments to its Board of Directors, Patrick Cerceau, Charles Levi and Antoine Mantel. The board of CCR Re also consists of Pierre Blayau, a representative of CCR, Bertrand Labilloy, the reinsurers Chairman and Chief Executive Officer, and another director and member of ... Read the full article

CCR Re launches with portfolio transfer from parent

11th January 2017

French state-backed reinsurer Caisse Centrale de Reassurance (CCR) has opened the new year with a portfolio transfer from CCR to new reinsurance subsidiary CCR RE, a move expected to contribute a material amount of premium to CCR, says ratings agency A.M. Best. A.M. Best said the highly strategic portfolio transfer will ... Read the full article

CCR Re begins operations

9th January 2017

French reinsurer Caisse Centrale de Reassurance (CCR) today revealed that its state-backed subsidiary, CCR Re, is fully funded and commenced operations from the 1st of January, 2017. The subsidiary was established from January 1st with treaty renewals and the transfer of CCR’s open market portfolio. Chairman and Chief Executive Officer (CEO) of CCR ... Read the full article