I am pleased to announce that last year
CCR Re performed brilliantly First, we continued to grow and diversify the book
with a double-digit increase of the gross written premiums. Secondly we improved significantly our technical profitability both in life and
non-life in particular, CCR Re is back in the black with a 99.4% combined ratio which is in line with the market average. Last but not
least CCR Re posted a two-fold increase of the net income at 35 millions
euro. At the same time we made further progress in the transformation of the
company. In particular, we reinforced our underwriting capabilities with the
recruitment of additional international underwriters and the launch of 157Re. A
retrocession vehicle which will support our strategic business plan.