CCR - Caisse Centrale de Réassurance in the news

Caisse Centrale de Réassurance (CCR) saw increased turnover but a decrease in net profit and underwriting results in the first half of 2026, driven mainly by natural catastrophe business and improved investment income.

CCR reported a 10.7% increase in turnover to •2.078 billion in the first half of 2026, despite an 8.9% decrease in net profit and a significant drop in technical results.

CCR reported a 10.7% increase in turnover to 2.078 billion EUR in H1 2026, driven mainly by natural catastrophe business, despite an 8.9% drop in net profit to 143 million EUR.

CCR reported a significant increase in turnover and net profit in 2025, driven by natural catastrophe premiums and the sale of Arundo Re, ending eight years of technical losses.

The CEO of Caisse Centrale de Réassurance (CCR) estimates that the cost of cracked houses due to drought-induced clay shrinkage could reach 500 billion euros over the next 50 to 100 years.

The CCR warns that clay soil shrinkage and swelling in France represents a 500 billion euro risk, affecting over 60% of homes and requiring prevention and public-private funding.

The CEO of Caisse Centrale de Réassurance estimates the cost of clay soil subsidence in France could reach 500 billion euros, making it the country's primary natural disaster risk.

The CEO of CCR estimates that addressing clay shrinkage and swelling could cost 500 billion euros in France, impacting over 60% of homes and requiring significant prevention and aid.

The CCR warns that clay soil shrinkage and swelling is France's main natural disaster risk, with potential repair costs of 500 billion euros.

CCR's CEO discussed the agricultural impacts of drought and the Cat-Nat regime on BFM Business.

Drought-related damage to homes has become the most significant natural disaster cost for French insurers, exceeding floods, with CCR estimating 2025 costs between 770 million and 1 billion euros.

Annual drought-related insured damages now regularly exceed 1 billion euros, driven by record heatwaves and soil subsidence issues in 2025.

Drought-related insured damages in 2025 reached up to 1 billion euros, with the public reinsurer covering over half, as climate change intensifies natural hazards.

Drought-related damages in France are significantly increasing, heavily impacting the insurance sector and putting the public reinsurance system under strain, leading to rising premiums.

Drought accounted for nearly half of natural disaster insurance costs in 2025, reaching up to 1 billion euros.

The French government is restructuring the national natural disaster insurance regime to ensure long-term sustainability and universal coverage despite escalating climate risks.

Jacques Le Pape has been reappointed as Chairman of the state-owned reinsurer CCR for a second five-year mandate.

CCR published its first report mapping climate risk hazards against local insurance availability to evaluate territory insurability.

A new report by CCR confirms that home insurance coverage is currently available throughout France, despite growing climate-related risks.

A report by CCR reveals that while home insurance coverage is widespread in France, climate change is increasing natural disaster claims, with emerging tensions in overseas territories and certain metropolitan areas prompting government action to strengthen the Cat Nat scheme.