CCR Re raises €300m in first bond issue
CCR Re, the French government backed reinsurer, posted a year-on-year improvement in net profit due to a favorable effective tax rate, but saw its combined ratio jump and life reinsurance profit margin decline in the first half of 2020. CCR Re posted a net profit of €29 million for the period, up from €17 million in the first half of 2019. Its premium income for H1 2020 was €545 million, an increase of 23 percent on the prior year period. The company's combined ratio ballooned...
CCR Re, 2020 Results, Life Reinsurance, Insurance, Reinsurance, Europe