Has the captive’s movement been launched? A beginning of reality
The movement seems to have started for captives domiciled in France. In only one day, on June 18, the Autorité de contrôle prudentiel et de résolution (ACPR) gave its approval to two French groups, Bonduelle and SEB, to create their own reinsurance captive in France. They became respectively the 7th and 8th French groups to hold a captive in France and therefor join a very restricted circle of French companies.Read more
The MGA, a trendy (but not so new) beast Why?
On February 3rd, 2021, the underwriting agency Centrix announced its decision to join the Managing General Agents Association (MGAA) – the only association in the UK that represents and promotes the Managing General Agents (MGA) industry and its members. “A natural choice,” according to the newly created MGA (2019) fancying to expand its presence in the London market.Read more
Paris fantasizes the return of captive insurance companies
Jade Grandin de l’Eprevier – 24.05.21
Le ministère de l’Économie aimerait que les grands groupes qui choisissent de s’assurer eux-mêmes – en créant une captive d’assurance – le fassent en France plutôt qu’au LuxembourgRead more
The Naegelen Act: new insurance-related obligations
An eventful year 2020
In 2020, more and more insurance professionals suffered administrative sanctions by both the DGCCRF and the ACPR for failing to comply with obligations related to cold calling.
These sanctions are part of a legislative framework that is becoming increasingly restrictive for insurance product distributors.Read more
Warranty exclusion in French-based insurance contracts, an insoluble equation with variable parameters?
The debate on exclusion of warranty in insurance contracts is endless witness the numerous ongoing litigation cases before the French courts.Read more