News Coronavirus watch10 Sep 2020

French reinsurer faces declining life reinsurance profit margin

CCR Re, the open market reinsurance arm of French state-backed reinsurer CCR, saw its premium income for 1H2020 increase by 23% year on year to EUR545m ($644m) despite the COVID-19 pandemic, its life reinsurance profit margin slipped to 4.5% from 5.2%.

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