Standard & Poor's upgrades CCR Re's rating

Standard & Poor's upgraded CCR Re's rating from A- to A with a stable outlook. The rating agency duly notes CCR Re's robust development, profitability and financial strength.

"The upgrade of CCR Re's rating by S&P in the current COVID-19 context confirms the relevance of our development strategy based on underwriting discipline, risk diversification and operational efficiency. It rewards the team’s accomplishments and strengthens our ambitions" Bertrand Labilloy, Chairman and CEO of CCR Re, declared.