EU gives CCR state guarantee a reprieve

The European Commission (EC) has judged that the state guarantee
provided to French reinsurer Caisse Centrale de Réassurance
(CCR) for natural catastrophe risks complies with EU internal
market rules.
In July, the Paris administrative court ruled the French state
would have to terminate the agreement with CCR within one year, or
notify the EC of the scheme within that timeframe to allow it to
make a determination on whether it was anti-competitive.
The EC has now approved both the princip