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France: CCR will have a new subsidiary as of January 2017

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Magazine Issue: 
The digital technology, a new battle field [3]
Magazine date: 
Oct 2016

The Caisse Centrale de Réassurance (CCR) will join as of January 2017 activities devoid of State guarantees into a new subsidiary, CCR Re. the new entity will be endowed with a capital of more than 750 million EUR (842 million USD), showcasing a solvency ratio of 200%, and posting a turnover of 400 to 450 million EUR (449 to 505 million USD) by 2020.

The operations related to the coverage of natural catastrophes or terrorist acts, benefiting from State guarantees, will be separated from those underwritten as reinsurance on the market. Services pertaining to underwriting, actuarial business and customer management will be insured by the same teams.

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Tue, 25/10/2016 - 12:36

Source URL: https://www.atlas-mag.net/en/article/ccr-will-have-a-new-subsidiary-as-of-january-2017

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[3] https://www.atlas-mag.net/en/issue/the-digital-technology-a-new-battle-field
[4] http://www.atlas-mag.net/en/article/ccr-creates-a-subsidiary-dedicated-to-open-market-reinsurance-activities
[5] http://www.atlas-mag.net/en/article/ccr-increase-in-net-result-in-2015