captive reinsurance undertaking

Definitions over time (1)

09/12/2011 – today applies on 12/11/2026 Article 13, Solvency II Directive Scope: Whole act

For the purposes of this Directive, the following definitions shall apply:

‘captive reinsurance undertaking’ means a reinsurance undertaking, owned either by a financial undertaking other than an insurance or reinsurance undertaking or a group of insurance or reinsurance undertakings within the meaning of Article 212(1)(c) or by a non-financial undertaking, the purpose of which is to provide reinsurance cover exclusively for the risks of the undertaking or undertakings to which it belongs or of an undertaking or undertakings of the group of which it is a member;

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