CCR Re rebrands as Arundo Re

French reinsurer CCR Re, which operates in the traditional segments of property and casualty, life and health, and certain specialty lines, has rebranded as Arundo Re.

The name change was announced on the 19th of September 2024. Roughly 18 months prior a consortium comprised of SMABTP and MACSF completed the acquisition of a majority shareholding in the firm.

Arundo is the Latin word for “reed”, the name is inspired by a well-known French fable, in which a reed represents a universal symbol of resilience and vitality.

Founded in 2016, CCR Re was established to take over the reinsurance activities of public-sector reinsurer CCR, and commenced operations at the January 1, 2017, treaty renewals and with the transfer of CCR’s open market portfolio. In 2023, Arundo Re generated gross written premiums of €1.186 million, with a net income of €56 million.

In a press release, the reinsurer stated, “In our business, flexibility is key. It enables us to respond to changing circumstances while ensuring continuity.

“We live in an uncertain world full of challenges, but there is no such thing as inevitability. What truly matters is the ability to respond quickly and calmly.”

Recently, the reinsurer sponsored the seventh vintage of its collateralised reinsurance sidecar vehicle, 157 Re 25. According to the announcement, the firm made several improvements to the operation of 157 Re to facilitate future renewals aligning with its strategy of diversifying its sources of third-party capital.

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