SMABTP and MACSF to acquire 100% of Arundo Re’s capital
- August 30, 2025
- Posted by: Beth Musselwhite
- Category: Insurance
A consortium formed by the SMABTP and MACSF groups has finalised an agreement to acquire 100% of the capital of Arundo Re (formerly CCR Re).
This transaction marks the full exit of Caisse Centrale de Réassurance (CCR) from the capital of France’s second-largest private reinsurer.
In 2023, SMABTP and MACSF acquired 75% of CCR Re’s capital (officially renamed Arundo Re in January 2025) from CCR and injected an additional €200 million into the reinsurer. CCR retained a 25% stake to support a smooth operational transition.
The 2023 transaction included a put option allowing CCR to sell its remaining stake in 2026, with a corresponding call option for SMABTP and MACSF.
With all transition operations now complete, the parties have agreed to proceed with an early acquisition of CCR’s remaining stake by the end of 2025. The transaction will be carried out by adjusting the predetermined terms set out in the shareholders’ agreement concluded in July 2023.
As part of this transaction, MACSF will increase its stake to 30%, while the SMABTP group will hold 70% of Arundo Re’s capital.
Arundo Re will continue to pursue its sustainable development strategy, benefiting from strong operational autonomy.
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