Co-operation drive and dynamics

Covéa benefits from the size effect by centralising its purchases for some risks. This function is ensured by mutual reinsurance company Covéa Ré, which gathers several mutual insurers in addition to MAAF, MMA, and GMF, namely SMABTP, La Mondiale, MACSF, L'Auxiliaire, CMABTP and L'Etoile.

Covéa also uses surplus capital to increase its holdings in its reinsurance schemes in order to limit its capacity purchases on the reinsurance market. This is the purpose of the in-house reinsurance company Covéa Lux.