CCR enters exclusivity with French mutuals for CCR Re sell-down
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CCR enters exclusivity with French mutuals for CCR Re sell-down

Rachel Dalton
08 February 2023
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French public sector reinsurer CCR Group has entered an exclusivity agreement with two domestic mutuals, SMABTP and MACSF, over the sell-down of its stake in CCR Re.

To support the unit’s growth, the consortium of SMABTP and MACSF will increase the capital for the business by up to EUR200mn ($214mn), obtaining it a stake of around 75%.

The

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Rachel Dalton
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