There is optimism in France that new captive formations could reach double figures in 2023 or 2024 as momentum continues behind the country’s new regime, but there is also concern a bottleneck could develop at the regulator if it struggles to keep up with demand for new licences.
Further details of the country’s new captive regime were published by government earlier this month, including confirmation that a 90% equalisation reserve can be utilised by captive reinsurance companies.
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