CCR Re exceeds targets for 2018

CCR Re, a subsidiary of the Caisse Centrale de Réassurance (CCR), reported a turnover of 381 million euros (456.4 million USD) for the first half of 2018, an increase of more than 12% compared to the same period of 2017.

The net result amounted to 17 million euros (US $20.4 million), that is the equivalent of the entire net result recorded in 2017. The combined ratio went from 104.9% in 2017 to 99.8% at June 30, 2018.

According to Bertrand Labilloy, CEO of CCR and Chairman and CEO of CCR Re, on the basis of the results of the first half, CCR is ahead of its targets. By the end of 2018, the total written premiums should reach 450 million euros (539 million USD), which represents the estimated turnover for the end of 2020.

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