Crédit Agricole Assurances press releases
Verkor secures more than €2 billion to launch high performance battery gigafactory in France and accelerate future sustainable mobility
Grenoble – 14 September 2023 – Verkor secures more than €2 billion in financing following the signing of a minimum of €850m Series C funding1, approval of European Investment Bank for €600m debt support and French subsidies for an amount around €650m, subject to final approval by the European Commission. This financing will accelerate: • the construction of Verkor’s first gigafactory, in Dunkirk, and the manufacture of high-performance low-carbon battery cells, • ongoing technological developments at the Verkor Innovation Centre (VIC) for new manufacturing technologies and new state-of-the-art product, • strategic investments across the battery value chain, thereby generating thousands of direct and indirect long-term jobs.
Crédit Agricole Assurances is pleased to announce the appointment of: - Clément Michaud as Head of Group Insurance at Crédit Agricole Assurances and Chief Executive Officer of Crédit Agricole Assurances Retraite; - Gaël Amblard, as Deputy Chief Executive Officer of Pacifica. Gaël will join the Crédit Agricole Assurances Executive Committee in this capacity.
Innergex Partners With Crédit Agricole Assurances to Accelerate Its Growth in France
• Signing of a long-term partnership agreement between Innergex and Crédit Agricole Assurances regarding Innergex’s assets and development portfolio in France • Funding commitments from the partners to accelerate the development of wind and solar projects in France • The transaction is expected to close in the second half of 2023
Dynamic business in CAA's three core businesses: property & casualty, personal protection and savings & retirement, very high result and solid solvency
Key figures H1 2023: - Total revenue1 of 20.8 billion euros, up 6%2 - Unit-linked net inflows of +3.9 billion euros - Net income group share that double, amounting 9508 million euros vs 1st semester 2022 pro forma IFRS 17 - Solvency 2 prudential ratio of 222%