Insurance portfolio transfer ACPR rules and tips

3 September 2026

In the context of M&A transactions or corporate reorganisations in the insurance sector, the transfers of all or part of portfolios of insurance contracts are customary and must carefully be considered for deal certainty and completion purposes.

Where the portfolio transfer has a French nexus ("Portfolio Transfer"), it involves the French Prudential Supervision and Resolution Authority (Autorité de contrôle prudentiel et de résolution – "ACPR"), triggering either an ACPR Approval Procedure or an ACPR Consultation Procedure.

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