Compagnie Centrale de Réassurance

Compagnie Centrale de Réassurance, commonly known as CCR, is an Algerian parastatal reinsurance corporation headquartered in Algiers. Established by Decree No. 73-54 of 1 October 1973, the company was created to organize and strengthen Algeria's domestic reinsurance capacity. It operates as a public establishment of an industrial and commercial nature under the supervision of the Algerian Ministry of Finance, which is also its sole shareholder. CCR's mandate covers reinsurance operations in all forms, including life and non-life business. Its institutional role extends beyond underwriting: it contributes to the development of Algeria's national reinsurance market, supports domestic retention of insurance risk, and increases the capacity available to Algerian insurers. At the time of its creation, CCR was the only entity authorized to conduct reinsurance operations with foreign countries, whether through acceptances or retrocessions. It also inherited the reinsurance portfolios of the principal Algerian direct insurers then operating, including CAAR, SAA and the Caisse Nationale Mutuelle d'Assurance, known as CNMA. The company accepts both national and international facultative risks and treaty business. Its domestic function is particularly important because Algerian insurers can transfer part of their exposures to a central, state-owned reinsurer rather than relying exclusively on overseas markets. CCR also participates in the organization of collective insurance mechanisms for risks that can be difficult to place through ordinary commercial arrangements, including natural catastrophes, construction-related decennial liability, political violence and other special risks. CCR manages three insurance pools identified in the available reference material. The Algerian Catastrophe Insurance Pool covers earthquake, flood, landslide and storm risks. Its quota-share structure assigns a 30% retention to participating insurers and a 70% share to CCR, while a stop-loss arrangement provides additional protection when loss experience becomes severe. The decennial liability pool was established in 2009 by CCR together with a group of Algerian insurers and is managed by CCR. A special risk pool, created in 2018, addresses exposures such as political risk, civil unrest and terrorism. The company is wholly owned by the Algerian state. Its share capital began at 40 million Algerian dinars when operations started and, following several increases between 1987 and 2020, reached 25 billion dinars in 2020. The available reference material reports turnover of 50,057 million dinars for 2024. National acceptances represented approximately 80% of that amount, while international business accounted for about 20%, principally in non-life treaty classes. These figures indicate that CCR's core commercial role remains domestic, although it maintains an international reinsurance presence. CCR should therefore be understood less as a consumer-facing insurance label than as a national financial-infrastructure institution. Its brand is associated with public ownership, centralized reinsurance capacity, market development and the management of pooled risks. Public information supplied for this dossier does not identify current or former executives, a corporate website, a stock-market listing or detailed individual product names beyond the company's reinsurance activities and insurance pools.

CCR was established in October 1973 through Decree No. 73-54, dated 1 October 1973, which created the company and approved its articles of association. The institution was formed as a public establishment of an industrial and commercial nature and placed under the supervision of Algeria's Ministry of Finance. Its creation reflected the state's objective of building a national reinsurance institution capable of supporting the domestic insurance sector and retaining more insurance risk within Algeria. At inception, CCR had an exclusive institutional role in reinsurance transactions with foreign countries. It was authorized to conduct such business through both reinsurance acceptances and retrocessions. The company also took over the reinsurance portfolios of existing Algerian direct insurers, including CAAR, SAA and CNMA. This transfer gave CCR an immediate central position in the country's insurance architecture and made it a mechanism for consolidating reinsurance demand and capacity. CCR began operations with share capital of 40 million Algerian dinars. Its capital was increased several times between 1987 and 2020, ultimately reaching 25 billion dinars in 2020. The company remains wholly owned by the Algerian state, with the Ministry of Finance identified as its sole shareholder. It is therefore not a publicly traded insurer and does not have a stock-market ticker in the information available for this dossier. The company's business developed around both treaty and facultative reinsurance. CCR underwrites national and international risks in life and non-life classes. Domestic acceptances form the core of its activity, while international business provides an additional outlet for its underwriting capacity and market relationships. In 2024, the available reference material reports turnover of 50,057 million dinars, of which 80% came from national acceptances and 20% from international business, primarily in non-life treaties. A significant part of CCR's institutional function has been the management of collective risk arrangements. The Algerian Catastrophe Insurance Pool covers earthquake, flood, landslide and storm exposures. Its quota-share mechanism assigns 30% of the risk to insurers and 70% to CCR, with a stop-loss treaty intended to provide protection during periods of exceptionally high claims. CCR also established and manages the decennial liability pool, created in 2009 with a group of Algerian insurers. The pool addresses long-tail construction liability exposures and began with stated capital of 2 billion dinars. In 2018, CCR established the special risk pool. This mechanism provides protection for political risks, civil unrest, terrorism and related special exposures. Together, the pools demonstrate the company's role as both a conventional reinsurer and a public-market institution for risks that may require centralized capacity, coordinated participation or state-supported organization. The available reference material does not provide a complete chronology of board appointments, general managers, later strategic changes or specific international counterparties. It does, however, establish CCR's continuing identity as Algeria's central state-owned reinsurer, with responsibilities spanning market development, domestic risk retention, treaty and facultative underwriting, and the administration of national insurance pools.

1. 2024Reported turnover and business mix

   CCR reported turnover of 50,057 million Algerian dinars, with national acceptances representing 80% and international business 20%, mainly in non-life classes.

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2. 2020Share capital reaches 25 billion dinars

   After several increases, CCR's stated share capital reached 25 billion Algerian dinars in 2020.

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3. 2018Special risk pool established

   CCR established a pool covering special exposures including political risks, civil unrest and terrorism.

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4. 2009Decennial liability pool created

   CCR and a group of Algerian insurers created a pool for decennial liability, with management entrusted to CCR.

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5. 1987Capital-increase period begins

   The reference material identifies 1987 as the beginning of a series of capital increases that continued through 2020.

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6. 1973CCR established by decree

   Decree No. 73-54 of 1 October 1973 established the Compagnie Centrale de Réassurance and approved its articles of association.

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7. 1973National reinsurance mandate begins

   At its creation, CCR became the only Algerian entity authorized to conduct reinsurance operations with foreign countries through acceptances or retrocessions and inherited portfolios from CAAR, SAA and CNMA.

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A state-owned national reinsurer that supplies domestic and international reinsurance capacity, supports Algerian insurers' risk retention, and manages pooled protection mechanisms for catastrophe and special risks.

• Treaty reinsuranceReinsurance

  CCR underwrites treaty reinsurance for Algerian and international cedants. Treaty arrangements are a central part of its non-life business and allow insurers to transfer agreed portions of portfolios or classes of risk. The company's national acceptances form the majority of its reported turnover, while international treaty business is concentrated mainly in non-life classes.

• Facultative reinsuranceReinsurance

  CCR accepts facultative reinsurance for individually assessed risks in both national and international markets. Facultative underwriting complements treaty arrangements by allowing specific large, unusual or specialized exposures to be evaluated separately rather than transferred under a broad portfolio agreement.

• Algerian Catastrophe Insurance PoolInsurance pool

  The Algerian Catastrophe Insurance Pool covers earthquake, flood, landslide and storm risks. Its quota-share structure assigns a stated 30% retention to participating insurers and 70% to CCR. A stop-loss treaty provides additional protection to cedants when catastrophe losses produce an unusually severe overall experience.

• Decennial Liability PoolInsurance pool2009

  Created in 2009 by CCR and a group of Algerian insurers, the Decennial Liability Pool addresses long-duration liability associated with construction and related obligations. CCR is entrusted with management of the coinsurance arrangement. The pool's initial capital was stated as 2 billion Algerian dinars.

• Special Risk PoolInsurance pool2018

  Established in 2018, the Special Risk Pool provides protection for exposures that can be difficult to place through ordinary insurance channels, including political risks, civil unrest and acts of terrorism. CCR manages the pool as part of its national risk-capacity role.

• 2018Creation of the special risk poolStrategy

  Political risks, civil unrest and terrorism can require specialized and coordinated insurance capacity.

  What changed. CCR established and assumed management of a special risk pool for these exposures.

  Aftermath. The pool broadened CCR's role beyond conventional treaty and facultative reinsurance into organized protection for special risks.

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• 2009Formation of the decennial liability poolOther

  Decennial liability creates long-tail construction-related exposures requiring coordinated capacity among Algerian insurers.

  What changed. CCR formed a pool with a group of Algerian insurers and took responsibility for managing the coinsurance arrangement.

  Aftermath. The pool added a collective mechanism for handling decennial liability risks in the Algerian market.

  Initial pool capital. 2 billion Algerian dinars (At the pool's creation in 2009)

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• 1973Creation of a centralized national reinsurerStrategy

  Algeria sought to develop domestic reinsurance capacity, increase national market retention and coordinate reinsurance dealings with foreign countries.

  What changed. The government established CCR under Decree No. 73-54 and assigned it a central role in domestic and international reinsurance operations.

  Aftermath. CCR inherited existing reinsurance portfolios and became a core institution in Algeria's insurance and reinsurance system.

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• 2024CCR reports 2024 turnover of 50,057 million Algerian dinars

  Available reference material states that CCR recorded turnover of 50,057 million Algerian dinars in 2024. National acceptances accounted for 80% of turnover, with international business contributing the remaining 20%, mainly through non-life reinsurance treaties.

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1. Compagnie Centrale de Réassurance