AM Best confirms CCR Re's rating

AM Best has confirmed CCR Re's "A" (Excellent) financial strength and "a" long-term credit ratings. The outlook is stable.

The rating reflects the French reinsurer's strong balance sheet, adequate operating performance, neutral business profile and appropriate enterprise risk management.

It also takes into account the completion of the acquisition of a majority stake in CCR Re by SMABTP and MACSF in 2023. These two companies had contributed an additional 200 million EUR (217.1 million USD) to the company's capital.

Since its creation in 2016, CCR Re has achieved solid average annual growth in both its net income and written premiums. The company has a strong presence in the international reinsurance market, with a diversified underwriting portfolio.