France licences Bel Group and Agrial captives

The French Prudential Supervision and Resolution Authority (ACPR) has granted approval for Bel Re and Agrial Réassurance, respectively, granting the first two captive licences of 2025.

Bel Re is part owned by French multinational cheese marketer, Bel Group, and its parent company, Unibel, which both deposited shares into the company.

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