SMABTP and MACSF Acquire a Majority Shareholding of CCR RE, in the Course of Its Privatisation - Seite 2

Stéphane Dessirier, Chief Executive Officer of the MACSF group issued the following statement: “MACSF is delighted to complete this operation alongside SMABTP, which brings promising development opportunities for CCR RE in a buoyant reinsurance market. We have complete confidence in the CCR RE teams in their ability to carry out the company’s new ambitions.”

The President of CCR, Jacques Le Pape, added: “The CCR board is extremely satisfied that the process which commenced a few months ago amongst the SMABTP and MACSF consortium concluded today. The success of this operation validates the strategy pursued for several years with the support of Bruno Le Maire and the Treasury Directorate General. In just a few years, CCR has created and grown a unicorn within the financial sector. Today, we hand over the means to further advance its development and become the second international reinsurance hub in Paris over the coming years.”

Bertrand Labilloy, Chief Executive Officer of CCR RE issued the following statement following his nomination: “I would like to give special thanks to Jacques Le Pape, the administrators and the CCR teams for their confidence and their contribution to the success of CCR RE since its inception. Today we embark upon a new chapter in our development, one which the support of SMABTP and MACSF under the care of Patrick Bernasconi will be essential. I would like to thank them for their confidence, and I am convinced that our shared values, on both a human and entrepreneurial level, will allow CCR RE to achieve its ambitions.”

About SMABTP

With a turnover of 3.5 billion euros and over 4,000 collaborators, the group provides insurance for over 180,000 clients and members: companies, professionals, craftspeople, managers, private individuals.
In addition to SMABTP, SMAvie BTP and their subsidiaries, the group also includes Auxiliaire BTP and Cam BTP via la société de groupe d’assurances mutuelles de BTP (SGAM btp)
For over 160 years, SMABTP has been an insurance specialist within the field of professional indemnity insurance for construction & property professionals, property damage and vehicle fleets. SMABTP also has an array of people insurance cover (such as life insurance, savings, pensions, health) for both companies and private individuals.