--- title: CCR Re has successfully launched 157 Re 23 its fifth sidecar vintage description: CCR Re has successfully sponsored the 2023 vintage of its 157 Re sidecar. image: https://blog.arundore.com/hubfs/Test-1.jpg --- [![Arundo_Logo_RVB-1](https://blog.arundore.com/hs-fs/hubfs/Arundo_Logo_RVB-1.png?width=115&height=76&name=Arundo_Logo_RVB-1.png)](https://www.ccr-re.com/en/home) - [News](https://blog.arundore.com/en) - [Reinsurance Tutorials](https://info.arundore.com/reinsurance-tutorials) - [Women of Power](https://info.arundore.com/women-of-power) - [MTPL Losses France Study](https://info.arundore.com/assessing-the-losses-of-severe-personal-injury-victims-in-motor-liability-cases) - [Arundo Re Talks](https://www.arundore.com/en/arundo-re-talks) - [français-FRANCE](https://blog.arundore.com/fr/ccr-re-a-lancé-avec-succès-157-re-23-le-cinquième-compartiment-de-son-sidecar) [Home](https://blog.arundore.com/) [The reinsurance and insurance blog of Arundo Re](https://blog.arundore.com/en) CCR Re has successfully launched 157 Re 23 its fifth sidecar vintage 18 January 2023 2 min read # CCR Re has successfully launched 157 Re 23 its fifth sidecar vintage ## 157 Re 23 ## CCR Re has successfully sponsored the 2023 vintage of its 157 Re sidecar. Boussard & Gavaudan Investment Management LLP (BGIM) increased CCR Re’s Property Cat risks underwriting capacity on a worldwide basis. This third compartment strengthens the relationship with BGIM as reference investor which, for the third consecutive year, renewed their confidence in CCR Re and its underwriting policy. At the initiative of all stakeholders, 157 Re 21 innovates with a Responsible Investment approach by investing all the sidecar assets in bonds issued by the European Bank for Reconstruction and Development (EBRD). This is the first time that a sidecar uses EBRD bonds. 157 Re thus aims to progressively fulfil the largest possible number of ESG criteria. Sponsor of 157 Re, CCR Re benefited from the support of its investors, the expertise of Willis Re Securities (acting as structuring and placing agent), France Titrisation (acting as management company), BNP Paribas Securities Services (acting as custodian bank) and Linklaters acting as transaction counsel.   In an extremely tight retrocession market, characterised by the withdrawal of numerous players, CCR Re has succeeded in increasing the capital raised by more than 40% compared to 2022. This success is based on the renewed confidence of those involved in the previous vintage, including 157 Re’s long-standing partner: Boussard & Gavaudan Investment Management LLP (BGIM) and also the arrival of a new investor proving this platform to be extremely attractive to an increasing number of funds and institutions. CCR Re is, as such, further developing a strong relationship with ILS investors. As part of this operation, CCR Re has benefited from the expertise of structuring and placement agent Gallagher Securities management company France Titrisation; BNP Paribas’s Securities Services business as custodian bank; and also the legal advice of Linklaters.   > ![Bertrand_Labilloy_VIGNETTE](https://blog.arundore.com/hs-fs/hubfs/Vignettes%20rondes/Vigettes%20ronde%20gouvernance/Bertrand_Labilloy_VIGNETTE.png?width=63&name=Bertrand_Labilloy_VIGNETTE.png) [Bertrand Labilloy](https://www.ccr-re.com/en/w/discover-us/gouvernance/bertrand-labilloy), Chairman & Chief Executive Officer of CCR Re, affirmed : «the success of this issue confirms our Property Cat underwriting policy and strengthens our strategy of long-term partnerships with financial investors.»   ![Capture-4](https://blog.arundore.com/hs-fs/hubfs/Capture-4.png?width=594&height=158&name=Capture-4.png)   **Boussard & Gavaudan Investment Management LLP** : Boussard & Gavaudan Investment Management LLP, part of Boussard & Gavaudan, is incorporated in England and Wales, accredited by the Financial Conduct Authority and registered with the US Securities and Exchange Commission as an investment advisor under the Investment Advisors Act. **157 Re 23** : 157 Re 23 is the fifth mutual securitisation sub-fund bearing 157 Re insurance risks. It is governed by articles L.214-166-1 to L.214-190 (notably L.214- 187 and following) and articles R. 214-217 to D. 214-240 of the Monetary and Financial Code. 157 Re 23 is governed by ACPR (French Prudential Supervisory Authority). 157 Re 23 is open only to eligible investors. This communication does not constitute investment advice or an underwriting offer or an underwriting application; it should not be used as a contact for the purpose of concluding a transaction for the sale or purchase of financial instruments. 157 Re 23 has not been and will not be registered under the United States Securities Act of 1933, or any amendments, and its securities may not be offered or sold in the United States     **Press contacts:** Vincent Gros – Secretary General + 33 (0)1 44 35 38 36 - [vgros@ccr.fr](mailto:vgros@ccr.fr) Angie Miorin – Communications Officer + 33 (0)1 44 35 31 89 – [amiorin@ccr.fr](mailto:amiorin@ccr.fr)   ### [Download the press release](https://blog.arundore.com/hubfs/CCR%20Re%20-%20CP%20157Re-23%20-%20EN-%20Version%20du%2016%20janvier%20%C3%A0%2015h30.pdf)     ---     ## **![Mail](https://blog.arundore.com/hs-fs/hubfs/Mail.png?width=71&name=Mail.png)Receive financial information from CCR Re** [mailto:?subject=CCR%20Re%20has%20successfully%20launched%20157%20Re%2023%20its%20fifth%20sidecar%20vintage&BODY=I%20found%20this%20article%20interesting%20and%20thought%20of%20sharing%20it%20with%20you.%20Check%20it%20out:%20https://blog.arundore.com/en/ccr-re-has-successfully-launched-157-re-23-its-fifth-sidecar-vintage](mailto:?subject=CCR%20Re%20has%20successfully%20launched%20157%20Re%2023%20its%20fifth%20sidecar%20vintage&BODY=I%20found%20this%20article%20interesting%20and%20thought%20of%20sharing%20it%20with%20you.%20Check%20it%20out:%20https://blog.arundore.com/en/ccr-re-has-successfully-launched-157-re-23-its-fifth-sidecar-vintage) ## Latest articles #### 10 June 2025 ### [Raphaël Marin joins Arundo Re as Non-Life Underwriter and Actuary for the Latin America market](https://blog.arundore.com/en/raphael-marin-joins-arundo-re-as-non-life-underwriter-and-actuary-for-the-latin-america-market) Graduated from the ISFA and certified by the French Institute of Actuaries, Raphaël Marin has over thirteen years' experience in the reinsurance and… ### [+](https://blog.arundore.com/en/raphael-marin-joins-arundo-re-as-non-life-underwriter-and-actuary-for-the-latin-america-market) #### 12 May 2025 ### [Guillaume Bergot joins Arundo Re as Non-Life Underwriter for the French, Belgian and Luxembourg Markets](https://blog.arundore.com/en/guillaume-bergot-joins-arundo-re-as-french-market-non-life-underwriter) With over a decade of experience in the reinsurance industry, Guillaume Bergot has worked successively for Guy Carpenter and Gallagher Re. ### [+](https://blog.arundore.com/en/guillaume-bergot-joins-arundo-re-as-french-market-non-life-underwriter) #### 14 April 2025 ### [Kshitij Chirimar joins Arundo Re as Senior Underwriter for the Indian sub-continent](https://blog.arundore.com/en/ludovic-boulanger-joins-ccr-re-as-life-underwriter-0) Arundo Re is pleased to welcome Kshitij Chirimar as Senior Underwriter, marking a significant step in expanding our presence across the Indian… ### [+](https://blog.arundore.com/en/ludovic-boulanger-joins-ccr-re-as-life-underwriter-0) #### 3 April 2025 ### [📄 Press Release : Annual results 2024](https://blog.arundore.com/en/-press-release-annual-results-2024) 2024, another year of profitable growth for Arundo Re ### [+](https://blog.arundore.com/en/-press-release-annual-results-2024) [View all articles](https://blog.arundore.com/en) **Arundo Re** 6 RUE FAVART 75002 PARIS - FRANCE [Contact us](https://www.arundore.com/en/contact) [Job opportunities](https://www.welcometothejungle.com/en/companies/arundo-re) [![Arundo_Logo_RVB-1](https://blog.arundore.com/hs-fs/hubfs/Arundo_Logo_RVB-1.png?width=202&height=133&name=Arundo_Logo_RVB-1.png)](https://www.arundore.com/en/)   [Terms of use & legal notice](https://www.arundore.com/en/legal-notice) I[Personal data protection](https://www.arundore.com/en/gdpr) I © - Arundo Re 2026 All rights reserved ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "CCR Re", "url" : "https://blog.arundore.com/en/author/ccr-re" }, "dateModified" : "2023-01-18T09:08:53.548Z", "datePublished" : "2023-01-18T08:44:15.000Z", "headline" : "CCR Re has successfully launched 157 Re 23 its fifth sidecar vintage", "image" : [ "https://blog.arundore.com/hubfs/Test-1.jpg" ], "mainEntityOfPage" : { "@id" : "https://blog.arundore.com/en/ccr-re-has-successfully-launched-157-re-23-its-fifth-sidecar-vintage", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.arundore.com/hubfs/Arundo_Logo_RVB-2.png" }, "name" : "Arundo Re" } } ```