‘Business as usual’ approach for CCR Re after ~€1bn stake sale

CCR Re expects good results for the first half of 2023, particularly with respect to its combined ratio, according to the reinsurer’s chief executive officer Bertrand Labilloy.

The 1/1 renewals for 2022/23, and the 1/4 and 1/7 renewals, were very good for the business in terms of agreed tariffs and terms and conditions, he explains.

“We took advantage of the hardening markets to make the necessary adjustments, which should have been taken in the previous years, while maintaining our capacities to our best clients,” Labilloy says.
The France-headquartered reinsurer has not really changed its business mix, he adds, explaining that it remains “very similar” to last year’s.