CCR Re has successfully sponsored the 2022 vintage of its 157 Re sidecar.
In a tight retrocession market, notably characterised by a significant decrease in the overall capacity offered, CCR Re has succeeded in raising 22% more capital than in 2021.
This success is proof of the increasing investors’ interest in the CCR Re Property Cat portfolio. It owes much to the renewed confidence of Boussard & Gavaudan Investment Management LLP (BGIM) who has renewed its capacity for the fourth consecutive year, as well as the arrival of a new investor to support 157 Re’s growth.
Within this operation CCR Re has benefited from the support and the expertise of our structuring and placement agent, Willis Towers Watson Securities Europe Limited, the management company France Titrisation, the custodian bank BNP Paribas Securities Services and the legal advices of Linklaters.
Bertrand Labilloy, Chairman & CEO affirmed “we welcome the growth and expansion of 157 Re’s investor’s basis. It confirms our Property Cat underwriting policy and strengthens our strategy of long-term partnership and alignment of interests with investors.”
Bertrand Labilloy, Chairman & Chief Executive Officer of CCR Re, comments : «we welcome the growth and expansion of 157 Re’s investor’s basis. It confirms our Property Cat underwriting policy and strengthens our strategy of long-term partnership and alignment of interests with investors.”.»
Boussard & Gavaudan Investment Management LLP :
Boussard & Gavaudan Investment Management LLP, part of Boussard & Gavaudan, is incorporated in England and Wales, accredited by the Financial Conduct Authority and registered with the US Securities and Exchange Commission as an investment advisor under the Investment Advisors Act.
157 Re 22 :
157 Re 22 is the fourth mutual securitisation sub-fund bearing 157 Re insurance risks. It is governed by articles L.214-166-1 to L.214-190 (notably L.214- 187 and following) and articles R. 214-217 to D. 214-240 of the Monetary and Financial Code.
157 Re 22 is governed by ACPR (French Prudential Supervisory Authority).
157 Re 22 is open only to eligible investors.
This communication does not constitute investment advice or an underwriting offer or an underwriting application; it should not be used as a contact for the purpose of concluding a transaction for the sale or purchase of financial instruments.
157 Re 22 has not been and will not be registered under the United States Securities Act of 1933, or any amendments, and its securities may not be offered or sold in the United States.