CCR grows FY profits but scales back GWP

French state carrier Caisse Centrale de Réassurance (CCR) grew
its full-year profit by 11.9 percent to EUR216mn ($242mn) in 2015
following a 22 percent rise in underwriting profit.
The overall underwriting result net of retrocession amounted to
EUR315mn in the year.
The full-year combined ratio improved by 5.8 percentage points
to 76.8 percent, while net return on assets fell by 0.3 percentage
points to 2 percent.
However, gross written premium (GWP) was down 2.7 percent to
EUR1.29bn, whi