SGSS wins Caisse Centrale mandate

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Societe Generale Securities Services is to provide reporting, data, Solvency Capital Requirement calculations and financial risk monitoring reports to French re-reinsurer Caisse Centrale de Réassurance (CCR) in order to meet Solvency II requirements.

Solvency II comes into effect on 1 January 2016, and means insurers active in the EU must increase their reporting to regulators.

CCR said it selected SGSS because of its experience as a custodian and valuer of financial assets, as well as its ability to provide a solution that suits the re-insurer’s quantitative and qualitative requirements.

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