Regulatory Alerts2025-04-17
Decision No. 2025-C-16 of April 16, 2025, Approving a Reinsurance Undertaking
The Prudential Control and Resolution Authority (ACPR) issued Decision No. 2025-C-16 on April 16, 2025, to formally approve BEL RE as a reinsurance undertaking. The decision grants the company, headquartered in Suresnes, authorization to conduct non-life reinsurance operations in France under Article R. 321-5-1 of the Monetary and Financial Code. This regulatory approval is scheduled for publication in the Official Journal of the French Republic to ensure legal transparency.
PRUDENTIAL CONTROL AND RESOLUTION AUTHORITY
DECISION OF THE SUPERVISION COLLEGE
NOR: ACPP2509044S Decision No. 2025-C-16 of April 16, 2025 Approving a Reinsurance Undertaking THE SECTORAL SUB-COLLEGE FOR INSURANCE Having regard to the Monetary and Financial Code, particularly Article L. 612-1 thereof; Having regard to the Insurance Code, particularly Articles L. 310-1-1, L. 321-1-1, R. 321-5-1, and R. 321-29 thereof; Having regard to the documents in the file, DECIDES Article 1: The company BEL RE (SIREN: 930 671 094), whose registered office is located at 2 Allée de Longchamp, Suresnes (92150), is approved to conduct in France the following operations mentioned in Article R. 321-5-1 of the aforementioned code:
- R1: non-life; Article 2: This decision shall be published in the Official Journal of the French Republic. For the Sectoral Sub-College for Insurance The President, Jean-Paul FAUGÈRE