Groupe SEB Launches Its “Reinsurance Captive” in France
29 Juni 2021 - 08:00AM
Business Wire
Regulatory News:
Groupe SEB (Paris:SK) thus becomes the 8th French Group to hold
a captive company in France.
The creation of a reinsurance captive will allow Groupe SEB to
optimize the placement of its risks through Groupe SEB Ré, a new
legal entity registered in France, which will insure specific
risks on behalf of the Group, as well as its subsidiaries.
Anne Claire Péchoux Lokoto, Head of Insurance at Groupe
SEB explained:
“Having a reinsurance captive entity has become an essential
strategic tool for a global Group like ours. It provides a key tool
for our risk management and financing and sends a positive message
to the insurers. This captive will play a major role in the
management of our prevention policy”.
Groupe SEB has obtained the approval of the The French
Prudential Supervision and Resolution Authority (Autorité de
Contrôle Prudentielle de Résolution (ACPR)) for the launching of
its reinsurance captive and has been advised by its broker Gras
Savoye Willis Towers Watson.
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Find us on www.groupeseb.com
World reference in small domestic equipment, Groupe SEB operates
with a unique portfolio of 31 top brands including Tefal, Seb,
Rowenta, Moulinex, Krups, Lagostina, All-Clad, WMF, Emsa, Supor,
marketed through multi-format retailing. Selling more than 360
million products a year, it deploys a long-term strategy focused on
innovation, international development, competitiveness, and service
to clients. Present in over 150 countries, Groupe SEB generated
sales of €6.9 billion in 2020 and has more than 33,000 employees
worldwide.
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