The Luxembourg Commissariat aux Assurances has issued Circular Letter 26/7 updating Circular Letter 24/3 on the “separate report” and “supplementary separate report” that approved auditors must provide for Luxembourg reinsurance undertakings. For reporting on the 2025 financial year, the supplementary separate report is unchanged, while the separate report questionnaire is amended in the intragroup operations section. The changes add two new questions (11.5 and 11.6) asking whether the undertaking held investments in related undertakings and participations (balance sheet item C.II) during the year and, if so, the maximum aggregated book value of those holdings during the year. Where the answer is affirmative, Part 2 must provide a breakdown by accounting line (C.II.1 to C.II.4) and by counterparty; the annexed questionnaires are replaced with updated versions. The amended templates apply for the first time to the separate report and supplementary separate report relating to the 2025 financial year.
Luxembourg Commissariat aux Assurances 2026-03-23
Luxembourg Commissariat aux Assurances amends reinsurance auditors’ separate report to add new disclosures on related-undertaking investments
The Luxembourg Commissariat aux Assurances has issued Circular Letter 26/7 updating Circular Letter 24/3 on the “separate report” and “supplementary separate report” to be provided by approved auditors of Luxembourg reinsurance undertakings for the 2025 financial year. The separate report questionnaire is amended in the intragroup operations section to include new questions on investments in related undertakings and participations, requiring disclosure of maximum aggregated book values and detailed breakdowns by accounting line and counterparty.