CCR Re sets up first French ILS unit
Posted On: Mar. 29, 2019 6:11 AM CST
French government-owned reinsurer Caisse Centrale de Reassurance S.A. is setting up the first insurance-linked securities unit in the country to provide collateralized reinsurance for its global property catastrophe portfolio, Artemis.bm reports. The 157 Re ILS unit will assume a 25% quota share of the portfolio.