18 January 2021 1 min read

CCR Re successfully launched 2021 third sidecar vintage

157 Re 21

CCR Re successfully launched the 2021 vintage of its 157 Re sidecar.

Boussard & Gavaudan Investment Management LLP (BGIM) increased CCR Re’s Property Cat risks underwriting capacity on a worldwide basis. This third compartment strengthens the relationship with BGIM as reference investor which, for the third consecutive year, renewed their confidence in CCR Re and its underwriting policy.

At the initiative of all stakeholders, 157 Re 21 innovates with a Responsible Investment approach by investing all the sidecar assets in bonds issued by the European Bank for Reconstruction and Development (EBRD). This is the first time that a sidecar uses EBRD bonds. 157 Re thus aims to progressively fulfil the largest possible number of ESG criteria.

Sponsor of 157 Re, CCR Re benefited from the support of its investors, the expertise of Willis Re Securities (acting as structuring and placing agent), France Titrisation (acting as management company), BNP Paribas Securities Services (acting as custodian bank) and Linklaters acting as transaction counsel.


Bertrand_Labilloy_VIGNETTE Bertrand Labilloy, Chairman & Chief Executive Officer of CCR Re, comments : «we welcome the renewal and evolution of 157 Re as part of CCR Re’s development that demonstrate again its innovative spirit.»



WillisRe   France Titrisation   Boussard & Gavaudan     Linklaters





About Boussard & Gavaudan Investment Management LLP :

Boussard & Gavaudan Investment Management LLP, a member of the Boussard & Gavaudan Group, is incorporated in England and Wales, is licensed by the Financial Conduct Authority and registered in the United States Securities and Exchange Commission, as an investment advisor under the Investment Advisers Act.


About 157 Re 21 :

157 Re 21 is a compartmentalised mutual securitization fund bearing insurance risks (Fonds commun de titrisation à compartiments supportant des risques d’assurances), governed by Articles L.214-166-1 to L.214-190 (and in particular Articles L.214-187 and following) and Articles R.214-217 to D.214-240 of the French Monetary and Financial Code (Code Monétaire et Financier).

157 Re 21 has been licensed by the French Supervisory Authority (Autorité de contrôle prudentiel et de résolution).

157 Re 21 is available only to eligible investors.

This communication shall not be viewed as an investment advice, and does not constitute an offer to sell or the solicitation of an offer to buy, nor does it serve as the basis for any contact for the purchase or sale of any investment.

157 Re 21 has not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States.”





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