157 Re

CCR Re, the French state-owned reinsurance firm, has renewed its innovative collateralised reinsurance sidecar transaction 157 Re for 2020, we can report.

French headquartered investment bank and service provider BNP Paribas and Milliman, a leading provider of consulting services and benefit administration, were both instrumental in the delivery of the first insurance-linked securities (ILS) transaction to be governed by French law.

The announcement that the first French domiciled collateralised reinsurance sidecar vehicle has been successfully structured, capitalised by investors and launched has captured the imagination of some in the insurance-linked securities (ILS) sector.

CCR Re, the French state-owned reinsurance firm, has established the first France domiciled collateralised reinsurance sidecar vehicle, launching 157 Re as the first insurance-linked securities (ILS) vehicle to be governed by French law.