France continues new captive spree with Petzl formation

French equipment manufacturer, Petzl has formed the country’s latest reinsurance captive, PETZL RE S.A.

Petzl was launched by cave explorer Fernand Petzl in the mid-1970s and is a producer of climbing gear, caving gear, work-at-height equipment and headlamps, and is based in Crolles, France.

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