CCR’s state backed business suffers French storm losses

CCR has been reducing the business that it writes in the “open” market, and this fell to €392mn in 2007 from €542mn in 2004

State-guaranteed reinsurance remained stable in France last year. Figures from Caisse Centrale de Reassurance ( CCR), the country’s state reinsurer, show that this business generated premiums of €765.2mn (US$1,190mn) in 2007 compared with €762.3mn in 2006.