News Reinsurance07 May 2019

EU upholds decision approving French natural disaster reinsurance scheme

Major reinsurer SCOR has failed to get the General Court of the European Union (EU) to nullify the decision of the European Commission dated 26 September 2016 which approved the 'French natural disaster scheme' operated by rival Caisse Centrale de Réassurance (CCR) as well as the guarantee granted to CCR by the state in this capacity. The commission had considered that the granting of this guarantee is compatible with European internal market rules.

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