October 2009 - Organisation of cooperation within Banking, Participations and Strategy Division

Covéa's Banking, Participations and Strategy Division is structuring to fulfil its mission.

Within Banking, Participations and Strategy Division, Pascal Guéniot has entrusted the implementation of cooperation between the brands to four directors:

• Maud Petit, in charge of Account Combination, will establish the combined accounts of the Mutual Insurance Group Company (SGAM). She will therefore coordinate the harmonisation of the contribution accounts of the three brands (MAAF, MMA and GMF) and oversee data integration.
• Isabelle Abécassis, in charge of Banking and Financial Services, will coordinate the banking and financial services strategy and its application in order to leverage the customer loyalty and growth potentials of those services.
• Jean-Michel Pescheux, in charge of Strategy and Mergers & Acquisitions, will research and propose strategic options while managing stake purchases and acquisitions and mergers that are in line with the Group's strategy in France. Liaising with the brands, he will organise due diligence, evaluate potential targets and handle negotiations.
• Thierry Bernard, in charge of Internet and Other Shareholdings, will manage the internet subsidiaries and define their strategic priorities while contributing to this sector's development within Covéa.

A Partnership Development department has also been created. It will be responsible for coordinating and tracking partnerships across the Group in order to fully exploit their potential and explore new development opportunities.

Pascal Guéniot is president of the Group's Legal Protection subsidiaries.

Press contact:
Françoise Ickowicz - Tel: +33 (0)1 53 10 65 06