CCR Re appoints senior actuary underwriter

CCR Re has announced the appointment of Cédric Boureau (pictured above) as senior actuary underwriter. In his new role, Boureau will handle underwriting for the Asia and Africa regions, reporting to John Conan.

Boureau returns to CCR Re after four years at Swiss Re, where he served as reinsurance senior client treaty underwriter (non-life) for France, Belgium, and Luxembourg.

Prior to his tenure at Swiss Re, Boureau worked at CCR Re as a non-life treaty underwriter, significantly contributing to business development in Asia and South Africa.

Boureau is a fully qualified actuary from the French Institute of Actuary and holds an Actuarial Master’s degree from the University of Strasbourg, which he earned in 2014.

“We are delighted that Cédric will be returning to our team,” Hervé Nessi, head of underwriting for CCR Re said.

Nessi added that Boureau’s international experience and knowledge of the Asian and African markets will aid in developing projects in those regions.

CCR Re operates as an international reinsurer with a presence in 80 countries. It is involved in traditional sectors such as property damage, civil liability, life and health, as well as specialized areas like credit, marine, aviation, spatial, and agriculture.

CCR Re’s financial results

In 2023, CCR Re reported gross sales of €1,186 million and a net income of €56 million. Since July 2023, CCR Re has been majority-owned by SMABTP and MACSF, along with CCR.

In April, CCR Re released its 2023 Activity Report, noting substantial growth and strategic improvements over the year. The company is poised to advance in 2024, supported by favorable market conditions and stronger shareholder partnerships.

Patrick Bernasconi, chairman of the board of directors, highlighted the strategic progress made during the year. He mentioned that the newly constituted board, which includes experts in reinsurance, insurance, and economics, is confident in the general management’s ability to implement its business plan.

What are your thoughts on this story? Please feel free to share your comments below.