Milliman named verification agent for first time ever insurance-linked securities instrument governed by French law

Milliman has been appointed as the verification agent for France’s first reinsurance sidecar, named 157 Re 19. This compartment of the Mutual Securitisation Fund bearing insurance risks (fonds commun de titrisation à compartiments supportant des risques d’assurance) known as “FCT 157 Re“ assumes a 25% quota share of CCR Re’s worldwide property catastrophe portfolio and will provide CCR Re with Solvency II regulatory credit.

Milliman is pleased to have been named the verification agent for 157 Re 19, the first reinsurance vehicle of its kind governed by French law. Milliman is well-positioned in this role given our global expertise in insurance-linked securities and property catastrophe.

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