From the birth of Assurances Mutuelles de France in 1819 to the signing of the Statut Commun in 2017, the Group’s history spans two centuries.
Along the 19th century and the first half of the 20th century, the mutual companies shaped the French insurance landscape. From this period, Covéa inherited of three strong brands widely recognised by customers, and a sound culture of client-centricity, prudence and long-term horizon.
Development and international diversification
Over the second half of the 20th century, the three mutuals widespread in the French market, conquering firm position with an acute network over the whole territory. Each of them developped smoothly abroad, creating and/or buying international subsidiaries.
In 2003, MAAF and MMA gather their strengths by creating Covéa SGAM. First SGAM created in France, it introduces solidarity links and a common strategy. The creation of Covéa Coopérations in 2012 seals the merger of their financial power and operating capabilities. In 2017, the Group unifies the working status of all its employees, through the signing of Statut Commun agreements.
Covéa Coopérations becomes a regulated reinsurance company.