L’Oréal may be known as a world leader in beauty, cosmetics and fashion, but it was way ahead of the captive domicile trends too, forming France’s second captive 26 years before the formal regulatory regime was introduced.
L&J Ré received its insurance licence from the ACPR on 21 August, 1997 and has been domiciled in France ever since. The jurisdiction, which established a captive framework and equalisation reserve in June 2023, is now home to 23 active captives with further formations expected before year-end.
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