Groupe BPCE and Natixis extend their insurance partnership with Covéa Group for Caisse d’Epargne and Banque Populaire professional clients
Groupe BPCE, Natixis and Covéa Group have finalized an agreement to renew their partnership on professional risk insurance for Caisse d’Epargne and Banque Populaire customers from January 1, 2020. As of this date, Natixis Assurances will manage new non-life policies for retail customers of Banque Populaire in addition to those of Caisse d’Epargne.
Groupe BPCE operates a universal cooperative banking model represented by 9 million cooperative shareholders and is the second-largest banking group in France. Through its 105,000 staff, the group serves over 30 million clients - individuals, professionals, companies, investors and local government bodies – around the world. It operates in the retail banking and insurance fields in France via its two large networks, Banque Populaire and Caisse d’Epargne, along with Banque Palatine. With Natixis, it also runs global asset management, corporate & investment banking and payments business lines. The group leverages these extensive capabilities to offer a comprehensive and diversified array of deposits & savings, cash management, financing, insurance and investment solutions. Groupe BPCE is recognized for its financial solidity by four major financial rating agencies: Moody’s (A1, stable outlook), Standard &Poor’s (A+, stable outlook), Fitch (A+, stable outlook) and R&I (A, positive outlook).
A French mutual insurance group, Covéa is a leader in damage and liability insurance protecting one in three households in France thanks to its 21,000 employees, who work daily to serve more than 11.5 million policyholders.
With three strong brands, MAAF, MMA and GMF, Covéa is a solid, dynamic financial player: in 2018, its earned premiums came to €16.9 billion and its capital €15.2 billion.
The Covéa Group also has operations abroad, where it generates €2 billion in earned premiums. More information at covea.eu
Press contacts
Daniel Wilson
Head of Press Relations and Social Media, Natixis
+33 1 58 19 10 40
daniel.wilson@natixis.com
press@communication.natixis.com
Sonia Dilouya
Press Relations, Natixis
+33 1 58 32 01 03
sonia.dilouya@natixis.com
press@communication.natixis.com
Vanessa Stephan
Press Relations, Natixis
+33 1 58 19 34 16
vanessa.stephan@natixis.com
press@communication.natixis.com