News Reinsurance01 Apr 2019

France sees its first reinsurance sidecar vehicle

CCR Re chairman and CEO Bertrand Labilloy

CCR Re, a state-backed subsidiary of French reinsurer Caisse Centrale de Reassurance (CCR), has successfully established the first reinsurance sidecar vehicle in France. Named 157 Re, the sidecar will assume a 25% quota share of CCR Re's worldwide property CAT portfolio. This will provide the insurer with a fully collateralised capacity to achieve its target of a diversified and profitable organic growth.

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