CNP ASSURANCES (EPA:CNP) - CNP Assurances
Transparency directive : regulatory news
04/04/2018 18:15
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PRESS RELEASE
Paris, 04 April 2018
On September 29, 2017, CNP Assurances announced the execution of a non-binding
Memorandum of Understanding with Caixa Seguridade, establishing the conditions
for a new exclusive distribution arrangement in Brazil. On December 22, 2017,
CNP Assurances then specified that the signing of the new agreement was
expected to occur early 2018. Following the change in the top management of
Caixa Econômica Federal, CNP Assurances and Caixa Seguridade have agreed to
pursue and finalize their negotiations with a view to entering into a binding
agreement. The current agreements remain in force.
About CNP Assurances
CNP Assurances is France's leading personal insurer with net profit of EUR1,285
million in 2017. The Group also has operations in other European countries and
in Latin America, with a significant presence in Brazil. It has more than 38
million personal risk/protection insureds worldwide and more than 14 million
savings/pensions policyholders. For 160 years, CNP Assurances has been
protecting people against the risks of everyday life. The Group designs and
manages life insurance, pension, personal risk insurance and protection
products (term creditor insurance and health insurance).
- In France, CNP Assurances distributes its individual insurance products
through La Banque Postale and the Caisses d'Epargne, as well as through its
own network, Amétis. In Brazil, its second largest market, the Group's
partner is Caixa Econômica Federal, the country's second-biggest state-owned
bank.
- In group insurance, CNP Assurances crafts tailor-made personal risk, pension
and term creditor insurance products that are aligned with the needs of
companies, local authorities, mutual insurers, non-profit organisations, and
banks, in Europe and Latin America.
CNP Assurances has been listed on the first market of the Paris Stock Exchange
since October 1998 and has a stable shareholder structure thanks to the signing
of an agreement between its major shareholders (Caisse des Dépôts, La Banque
Postale, Groupe BPCE and the French State).
Contacts
Presse
Florence de Montmarin / 01 42 18 86 51
Tamara Bernard / 01 42 18 86 19
servicepresse@cnp.fr
Investisseurs et analystes
Vincent Damas / 01 42 18 71 31
Jean-Yves Icole / 01 42 18 86 70
Typhaine Lissot / 01 42 18 83 66
Julien Rouch / 01 42 18 94 93
infofi@cnp.fr
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