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CCR Re closed the first half of 2024 with a 7% increase in turnover from 907 million EUR (987.8 million USD) as at 30 June 2023 to 970 million EUR (1.04 billion USD) a year later.
The combined ratio improved by 5.8 points to 88.8% against 94.6% a year earlier. This improvement is attributable to the absence of major natural catastrophe claims.
Life profitability remained stable compared with the same period in 2023.
Following CCR Re's separation from CCR, the rating agencies AM Best and S&P have confirmed the company's “A” rating with a stable outlook.
The rating reflects CCR Re's level of solvency, as well as its prudent risk-management practices in terms of provisioning, retrocession and asset management.
