The creation of a reinsurance captive will allow Groupe SEB to optimise the placement of its risks through Groupe SEB Ré, a new legal entity registered in France
The deal will see 2RS acquire the Luxembourg client portfolio of insurance and reinsurance captives from Sogecore SA and Sogecore France SARL
AXA XL Risk Consulting has launched a new risk assessment service, remote risk dialogue, to continue evaluating loss prevention across business lines amid COVID-19 restrictions
Willis Towers Watson has appointed Cyrille de Montgolfier as the new leader of its French business, Gras Savoye Willis Towers Watson, based in Paris
The French Prudential Supervision and Resolution Authority has approved a reinsurance captive in France for the Worldline group
OECD has released transfer pricing guidance on financial transactions, developed as part of Actions 4, 8-10 of the BEPS Action Plan
French reinsurer CCR Re has set up the first ILS instrument governed by French law, 157 Re, which is also the first reinsurance sidecar vehicle to be domiciled in France
The OECD has published a discussion draft on financial transactions for public comment
