He returns to the agency after 4 years with one other world reinsurer
CCR Re has introduced the appointment of Cédric Boureau (pictured above) as senior actuary underwriter. In his new function, Boureau will deal with underwriting for the Asia and Africa areas, reporting to John Conan.
Previous to his tenure at Swiss Re, Boureau labored at CCR Re as a non-life treaty underwriter, considerably contributing to enterprise improvement in Asia and South Africa.
Boureau is a totally certified actuary from the French Institute of Actuary and holds an Actuarial Grasp’s diploma from the College of Strasbourg, which he earned in 2014.
“We’re delighted that Cédric shall be returning to our crew,” Hervé Nessi, head of underwriting for CCR Re mentioned.
Nessi added that Boureau’s worldwide expertise and information of the Asian and African markets will support in creating initiatives in these areas.
CCR Re operates as a world reinsurer with a presence in 80 international locations. It’s concerned in conventional sectors resembling property injury, civil legal responsibility, life and well being, in addition to specialised areas like credit score, marine, aviation, spatial, and agriculture.
CCR Re’s monetary outcomes
In 2023, CCR Re reported product sales of €1,186 million and a internet earnings of €56 million. Since July 2023, CCR Re has been majority-owned by SMABTP and MACSF, together with CCR.
In April, CCR Re launched its 2023 Exercise Report, noting substantial development and strategic enhancements over the yr. The corporate is poised to advance in 2024, supported by favorable market situations and stronger shareholder partnerships.
Patrick Bernasconi, chairman of the board of administrators, highlighted the strategic progress made through the yr. He talked about that the newly constituted board, which incorporates specialists in reinsurance, insurance coverage, and economics, is assured within the normal administration’s potential to implement its marketing strategy.
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