Reinsurance News
CCR
SMABTP and MACSF to acquire 100% of Arundo Re’s capital
28th July 2025
A consortium formed by the SMABTP and MACSF groups has finalised an agreement to acquire 100% of the capital of Arundo Re (formerly CCR Re). This transaction marks the full exit of Caisse Centrale de Réassurance (CCR) from the capital of France's second-largest private reinsurer. In 2023, SMABTP and MACSF acquired ... Read the full article
CCR estimates €650-800m insured losses from Cyclone Chido in Southeast Africa
20th December 2024
Cyclone Chido, which struck several countries in Southeast Africa between December 13-16, is estimated to cause insured losses between €650 million and €800 million, according to French public reinsurer Caisse Centrale de Réassurance (CCR). The cyclone’s impact was devastating, resulting in significant loss of life and extensive property damage. The archipelago ... 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
CCR estimates cost of flooding in Hauts-de-France at €550mn
23rd November 2023
French reinsurer CCR has estimated the cost of flooding in Hauts-de-France at €550 million, at least half of which will be covered by the reinsurer’s natural catastrophe scheme. The region has experienced unconventional flooding due to a succession of rainy episodes associated with storm Ciarán, which also caused flooding in ... Read the full article
Claims for nat cat perils to increase 40% by 2050 due to climate change: CCR
18th October 2023
CCR estimates that claims for perils covered by the natural disaster compensation scheme are likely to increase by around +40% by 2050 as a result of climate change, and by +60% if changes in insured stakes (population growth and urban density) are taken into account. These figures stem from CCR and ... 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 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 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
AM Best places CCR RE ratings under review amid sale talks
20th February 2023
Rating agency AM Best has decided to place the ratings of French state-owned reinsurer CCR RE under review, after parent company CCR said it had entered into negotiations to transfer control of the business. If agreed, a sale of approximately 70% of CCR RE to a consortium made up of ... Read the full article
S&P places CCR RE ratings on watch positive on potential acquisition
14th February 2023
Following the news of CCR RE potential acquisition by a consortium of French mutuals, S&P Global Ratings has placed its 'A-' issuer credit and financial strength ratings on CCR RE, and its issue ratings on the reinsurer's debt, on CreditWatch with positive implications. On February 8, 2023, French-based Caisse Centrale ... Read the full article
CCR looks to transfer control of CCR RE and increase its capital
8th February 2023
CCR has entered into exclusive negotiations with the consortium made up of SAMBTP and MACSF to transfer control of CCR RE, the French state-owned reinsurer, and increase its capital by €200 million. According to the firm’s statement, under the proposed transaction, CCR would initially dispose of approximately 70% of CCR RE’s ... Read the full article
“It was a different world in 1975, but reinsurance is still fascinating and important”: Patrick Delalleau, CCR Re
22nd November 2022
The insurance and reinsurance world has evolved significantly since Patrick Delalleau entered the space more than 45 years ago. In his current role, Patrick Delalleau serves as a Senior Advisor at French state-run reinsurer, CCR Re, a position he took on in 2019 following more than ten years as the company’s ... Read the full article
CCR passes new resolutions to drive CCR Re growth
21st September 2022
The board of directors at CCR has passed a set of resolutions to drive growth at its reinsurance subsidiary CCR Re. The firm said in a statement that these resolutions are in line with the company’s strategic plan that it introduced last year. It said that these would also be to ... Read the full article
CCR Re confident for 2022 after meeting targets
5th May 2022
Bertrand Labilloy, Chairman and Chief Executive Officer of CCR Re, says the company is looking ahead through 2022 with confidence after improving its net income last year and weathering a period of crisis. The French state-owned reinsurer reported that its net income more than doubled over the course of 2021 ... Read the full article
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.
