April 2022 | The ICISA INSIDER
| Interview
ICISA Welcomes its newest member: CCR Re ICISA members warmly welcomed CCR Re as a new member to the association. In the next paragraphs you can find out more about CCR Re and their reasons to join ICISA.
Member Profile CCR Re is a medium-size reinsurer with a longstanding franchise in traditional property & casualty and life & health reinsurance, as well as in some selected specialty lines (credit, marine, aviation & space, terrorism), in France and abroad. CCR Re was founded in 2016 as a spin-off of CCR’s market reinsurance activities. Since 2016, CCR Re is present in the international reinsurance landscape. Underwriting has been extended to new markets, notably in Latin America, sub-Saharan Africa and the Indian Ocean ring while underwriting teams have been strengthened. Since 2020 CCR’s focus is on opening new markets in Asia, Latin America and Canada, and developing reinsurance Credit&Surety programs worldwide.
Motivation to join ICISA The motivation of CCR Re to join ICISA was to “meet directly with the most important reinsurers and insurers and improve risk management strategies, share knowledge and support business growth on Surety and Credit”. Secondly, they highlighted the need of sharing knowledge to develop sustainable solutions following the Covid pandemic: “Since COVID-19 started in 2020, it has been two years of significant challenges worldwide due to global pandemic, economic lockdown and all the disruptions brought to professional, home and social lives. For insurers and reinsurers in the wider credit insurance and surety sector, the pandemic has brought two types of changes. Operational and strategic changes as risks of non-performance, nonpayment and insolvency increased substantially throughout the year; and changes brought by governments and regulators as different measures and requirements were introduced to keep markets open. Of course, these regulatory and policy steps sit alongside many already existing developments, which are underway, or on the horizon.
a service-oriented partnership, to understand members’ constraints, to give firm answers to requests and to do it in a timely manner.”
Yamilet Morote, Lead Underwriter, Credit & Surety Worldwide
“We are a reinsurer on the market with a high quality of expertise and reinsurance capacity to offer. We look forward to meeting directly with the most Becoming a member of ICISA in this challenging context is a important reinsurers and insurers and improve risk must for sharing knowledge, experience and diverse points management strategies, share knowledge and of views for developing sustainable solutions. CCR Re is support business growth on Surety and Credit.” committed to work very closely with ICISA members through |
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