CASE COMMENTS: STATE AID – EUROPEAN UNION – NATURAL DISASTER REINSURANCE MARKET – UNLIMITED GUARANTEE GRANTED BY THE STATE – INFRINGEMENT OF PROCEDURAL RIGHTS

Compatibility: The General Court of the European Union rejects an action brought by a firm of reinsurance against a decision of the European Commission adopted in the preliminary examination phase and declaring compatible with the internal market the unlimited guarantee granted by France to a company for its natural disaster risk reinsurance business (Scor)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. The Court of Justice of the European Union has already had occasion to approach the reinsurance activity from the point of view of the provisions on State aid. It has been so in particular in cases concerning guarantees granted by a national public institution for risks relating to foreign trade operations (CJEU, 9 August 1994, Namur-Les assurances du crédit, Case C-44/93, EU:C:1994:311) or the reinsurance coverage granted by a public company to its subsidiary (Trib. EU, 25 June 2015, SACE and Sace BT, aff. T-305/13, EU:T:2015:435). However, the present case has the particularity of involving an optional scheme allowing reinsurance from a State-owned

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  • European Court of Justice (Luxembourg)

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Raphaël Vuitton, Compatibility: The General Court of the European Union rejects an action brought by a firm of reinsurance against a decision of the European Commission adopted in the preliminary examination phase and declaring compatible with the internal market the unlimited guarantee granted by France to a company for its natural disaster risk reinsurance business (Scor), 6 May 2019, Concurrences N° 3-2019, Art. N° 91595, pp. 130-132

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