French reinsurance company CCR Re has been growing its property catastrophe portfolio in recent years and wants to continue this trend in 2023, seeing its 157 Re collateralised reinsurance sidecar as a key tool in this respect, Mathieu Halm, Chief Retrocession & Alternative Capital Officer at CCR Re explained to Artemis.
In an interview, Halm explained the importance of the 157 Re sidecar, which CCR Re has renewed for 2023 with a more than 40% size increase.
Halm noted that CCR Re’s reinsurance sidecar has now increased in size three years in a row, saying “the size of the sidecar matches our need for 2023.”
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