Press
Crédit Agricole Assurances press releases
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Good business dynamics
KEY FIGURES Q1-2024: - Total revenue1 of 12.3 billion euros, up 5.2% - Net inflows of +1,0 billion euros - Property & casualty portfolio growth of 3.4% year-on-year
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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%
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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.
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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.