insurance holding company definition

insurance holding company means a parent undertaking, the main business of which is to acquire and hold participations in subsidiary undertakings, where those subsidiary undertakings are exclusively or mainly insurance undertakings, reinsurance under­ takings, or non-member-country insurance undertakings, at least one of such subsidiary undertakings being an insurance under­ taking, and which is not a mixed financial holding company within the meaning of Directive 2002/87/EC of the European Parliament and of the Council of 16 December 2002 on the supple­ mentary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate (*);
insurance holding company means a parent undertaking which is not a mixed financial holding company and the main business of which is to acquire and hold participations in subsidiary undertakings, where those subsidiary undertakings are exclusively or mainly insurance or reinsurance undertakings, or third-country insurance or reinsurance undertakings, at least one of such subsidiary undertakings being an insurance or reinsurance undertaking;
insurance holding company means a parent undertaking, the main business of which is to acquire and hold participations in subsidiary undertakings, where those subsidiary undertakings are exclusively or mainly insurance undertakings, reinsurance undertakings or non-member-country insurance undertakings or non- member-country reinsurance undertakings, at least one of such subsidiary undertakings being an insurance undertaking, or a reinsurance undertaking and which is not a mixed financial holding company within the meaning of Directive 2002/87/EC of the European Parliament and of the Council;

More Definitions of insurance holding company

insurance holding company means a parent undertaking the main business of which is to acquire and hold participations in subsidiary undertakings, where those subsidiary undertakings are exclusively or mainly insurance undertakings, reinsurance undertakings or non-member-country insurance undertakings, one at least of such subsidiary undertakings being an insurance undertaking;
insurance holding company means a parent undertaking which is not a mixed financial holding company within the meaning of Section 125(1)(e) and the main business of which is to acquire and hold participations in subsidiary undertakings, where those subsidiary undertakings are exclusively or mainly insurance or reinsurance undertakings, insurance or reinsurance undertakings from other Member States, or third-country insurance or reinsurance countries, at least one of such subsidiary undertakings being an insurance or reinsurance undertaking, or an insurance or reinsurance undertaking from another Member State;
insurance holding company means a parent undertaking which is not a mixed financial holding company within the meaning of the Financial Conglomerates Act and the main business of which is to acquire and hold participations in subsidiary undertakings, where those subsidiary undertakings are exclusively or mainly insurance undertakings, or third-country insurance undertakings, at least one of such subsidiary undertakings being an insurance undertaking;
insurance holding company means a domestic insurance holding company in which the
insurance holding company means a parent undertaking, the main business of which is to acquire and hold participations in subsidiary undertakings, where those subsidiary undertakings are exclusively or mainly insurers, EEA insurers, pure reinsurers, EEA pure reinsurers, non-EEA insurers or non-EEA pure reinsurers, at least one of such subsidiary undertakings being an insurer or a pure reinsurer and which is not a mixed financial holding company in terms of regulation 2 of the Financial Conglomerates Regulations, 2004<
insurance holding company means: A parent undertaking whose main business is to acquire and hold equity investments in subsidiary undertakings, where those subsidiary undertakings are exclusively or mainly insurance undertakings or reinsurance undertakings or third-country insurance undertakings or third-country reinsurance undertakings, at least of one such subsidiary undertakings being an insurance or reinsurance undertaking. An insurance holding company shall not be a financial holding company, cf. no. 10.
insurance holding company means a parent company, other than a mixed financial holding company, the main business of which is to acquire and hold participations in subsidiary companies, where those subsidiary companies are exclusively or mainly insurance companies, reinsurance companies or non-member country insurance companies or non-member country reinsurance companies, at least one of such subsidiary companies being an insurance company, or a reinsurance company;