CCR Re has appointed Vaibhavi Mehta as director of underwriting for its life division, the company announced.
Mehta brings over 17 years of experience in reinsurance and consultancy, having held management roles at RGA and AXIS Specialty Limited. Her previous experience includes managing complex portfolios and developing solutions for markets across Asia Pacific and Europe.
Mehta holds a Global Executive MBA from INSEAD, a master’s degree in hospital management from the Apollo Institute of Hospital Administration in India, and a bachelor of business administration from South Gujarat University, where she was a gold medalist.
“We are delighted to welcome Vaibhavi to the team,” said Hervé Nessi, chief underwriting officer at CCR Re. “The creation of a multicultural environment in Paris is one of the pillars of our strategy. Vaibhavi’s recognised expertise within the life and health sectors as well as her significant international experience will be major assets in supporting our ambitious expansion.”
In addition to her appointment, CCR Re announced that it will officially change its name to Arundo Re, effective Jan. 16, 2025.
This rebranding follows the acquisition of a majority stake in the company by a consortium led by SMABTP and MACSF, which occurred roughly 18 months ago.
CCR Re, founded in 2016, was established to take over the reinsurance activities of public-sector reinsurer CCR. Operations began on Jan. 1, 2017, coinciding with treaty renewals after CCR's open market portfolio was transferred.
The company has since expanded its operations, and in early 2023, entered into exclusive negotiations with SMABTP and MACSF to transfer control of CCR Re and increase its capital by €200 million.
CCR Re operates globally in traditional sectors such as property damage, civil liability, and life and health, as well as in specialized areas including credit, marine, aviation, space, and agriculture.
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