CCR Re plans expansion after stake sale

Last year’s 1/1 renewal was very difficult for some cedants as the hard market and the uncertain economic landscape pushed the reinsurance market to react strongly to years of continuous rate decreases with higher rates and increases in retention. Further hardening is likely at this year’s 1/1 as negotiators can expect to see more of what we witnessed last year, but maybe to a lesser extent.

This is the view of Laurent Montador, deputy chief executive at  CCR Re, as he spoke to Intelligent Insurer for the Monte Carlo Rendez-Vous 2023.