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SEB S.A. Capital/Financing Update 2021
1637_iss_2021-06-29_db80e76e-3a09-4deb-9afb-da8bdc7a07bf.pdf
Capital/Financing Update
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June 29, 2021 – 9:00 a.m.
1
Groupe SEB launches its "reinsurance captive" in France
Groupe SEB thus becomes the 8th French Group to hold a captive company in France.
The creation of a reinsurance captive will allow Groupe SEB to optimize the placement of its risks through Groupe SEB Ré, a new legal entity registered in France, which will insure specific risks on behalf of the Group, as well as its subsidiaries.
Anne Claire Péchoux Lokoto, Head of Insurance at Groupe SEB explained:
"Having a reinsurance captive entity has become an essential strategic tool for a global Group like ours. It provides a key tool for our risk management and financing and sends a positive message to the insurers. This captive will play a major role in the management of our prevention policy".
Groupe SEB has obtained the approval of the The French Prudential Supervision and Resolution Authority (Autorité de Contrôle Prudentielle de Résolution (ACPR)) for the launching of its reinsurance captive and has been advised by its broker Gras Savoye Willis Towers Watson.
July 23 | before market opens H1 2021 sales and results
October 26 | after market closes 9-month 2021 sales and financial data
Investor/Analyst Relations Groupe SEB
Financial Communication and IR Dept
Isabelle Posth Raphaël Hoffstetter
Tel. +33 (0) 4 72 18 16 04
Media Relations
Groupe SEB Corporate Communication Dept
Cathy Pianon Anissa Djaadi
Tel. + 33 (0)6 33 13 02 00 Tel. + 33 (0)6 88 20 90 88
Image Sept Caroline Simon Claire Doligez Isabelle Dunoyer de Segonzac
Phone: +33 (0)1 53 70 74 70
Find us on www.groupeseb.com
World reference in small domestic equipment, Groupe SEB operates with a unique portfolio of 31 top brands including Tefal, Seb, Rowenta, Moulinex, Krups, Lagostina, All-Clad, WMF, Emsa, Supor, marketed through multi-format retailing. Selling more than 360 million products a year, it deploys a longterm strategy focused on innovation, international development, competitiveness, and service to clients. Present in over 150 countries, Groupe SEB generated sales of €6.9 billion in 2020 and has more than 33,000 employees worldwide.
SEB SA
SEB SA - N° RCS 300 349 636 RCS LYON – with a share capital of €55,337,770 – Intracommunity VAT: FR 12300349636
ALL‐CLAD I ARNO I ASIAVINA I CALOR I CLOCK I CURTIS | DASH | EMSA I HEPP I IMUSA I KAISER I KRAMPOUZ | KRUPS I LAGOSTINA I MAHARAJA WHITELINE I MIRRO MOULINEX I OBH NORDICA I PANEX I ROCHEDO I ROWENTA I SAMURAI I SCHAERER I SEB I SILIT I SUPOR I T‐FAL I TEFAL I UMCO I WEAREVER | WMF