CCR launches CCR Re

France's state-owned reinsurer Caisse Centrale de
Réassurance (CCR) has launched a new subsidiary for its open
market reinsurance business.
From 1 January, the carrier's open market operations will be
transferred to CCR Re - a separate legal entity owned by CCR.
CCR Re will write around EUR400mn ($450mn) in premiums across
50-60 markets with a solvency ratio of 200 percent.
CCR will retain its public reinsurance activities, which are
backed by the state's guarantee and include natural dis