A.M. Best Affirms Credit Ratings of Caisse Centrale de Réassurance and CCR RE
The ratings of CCR reflect its balance sheet strength, which
CCR’s balance sheet strength assessment reflects the company’s very strong risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR). Substantial equalisation provisions provide capacity to absorb the company’s peak exposures to natural catastrophe, terrorism and other exceptional risks. Furthermore, CCR benefits from a liquid investment portfolio of good quality assets and a track record of conservative reserving practices. The support of the
CCR’s favourable business profile is underpinned by the role the company plays in the French public reinsurance regime and its unique position as the principal reinsurer of natural catastrophe risks underwritten in
Several years of benign catastrophe loss experience have allowed CCR to establish a track record of good operating performance and reinforce its balance sheet strength through earnings retention. In 2016 and 2017, CCR experienced some of the largest loss events since the creation of the French natural catastrophe regime. Notably, floods in
The ratings of CCR RE reflect its balance sheet strength, which
CCR RE’s balance sheet strength assessment considers its very strong risk-adjusted capitalisation, as measured by BCAR, which benefits from significant unrealised gains on assets. The assessment also factors in CCR RE’s liquid investment portfolio, low dependence on retrocession support and conservative reserving practices.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and
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