Our history

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.

The emergence

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.


Creation of Assurances Mutuelles de France.


Creation of MMA.


Creation of GMF.


Creation of MAAF.

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.


MMA creates Norman Insurance, first step towards Covéa Insurance in the UK.


GMF buys shares into CSE in the US, first step towards 100 % holding.


Covéa buys 81 % of Bipiemme Vita in Italy.

The union

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.

2003 to 2005

Creation of Covéa SGAM: grouping of MAAF, MMA and AM-GMF.


Creation of the holding company Covéa Coopérations.


Covéa Coopérations becomes a regulated reinsurance company.


The Statut Commun unifies working framework among all entities.

The 200 years of Assurances Mutuelles de France (French version)