Crédit Agricole Assurances press releases
Dynamic business in France - Very strong growth in earnings driven by life insurance
KEY FIGURES 2023: - Record total revenue of 37.2 billion euros, up 5.6% - Net income group share of 1,756 million euros, up 20.9% on an underlying basis - Solvency II prudential ratio of 214%
CAA announces it has completed the acquisition of 65% of the share capital of Vera Assicurazioni, Vera Protezione and Banco BPM Assicurazioni, launching the distribution agreement with BBPM in non-life, personal protection and creditor insurance in Italy
Crédit Agricole Assurances announced today: 1) The completion of the acquisition of 65% of the share capital of Vera Assicurazioni, its subsidiary Vera Protezione and Banco BPM Assicurazioni, from Banco BPM; 2) The launch of a 20-year distribution agreement for non-life, personal protection and creditor insurance products and services in Banco BPM’s network of around 1,500 branches in Italy.
Pacifica, Property and Casualty insurance subsidiary of Crédit Agricole Assurances, successfully places its first Cat Bonds
Pacifica announced the successful placement of €160 million Cat Bond covering French Windstorm and Hail storm on the Insurance-Linked-Securities (ILS) market. The transaction is part of Pacifica’s reinsurance diversification strategy.
ANAID CHAHINIAN IS APPOINTED CHIEF EXECUTIVE OFFICER OF SPIRICA AND CHAIR/CHIEF EXECUTIVE OFFICER OF UAF LIFE PATRIMOINE
Crédit Agricole Assurances is pleased to announce the appointment of Anaïd Chahinian as Chief Executive Officer of Spirica and Chair and Chief Executive Officer of UAF Life Patrimoine with effect from 1 January 2024. She will take over from Daniel Collignon, who will retire at the end of the year after 17 years as Spirica’s Chief Executive Officer and six years at the head of UAF Life Patrimoine.