Common status, single entreprise
June 14Agreement with the social partners providing a common status for the Group's 21,000 employees in France. This innovative status, a prerequisite for becoming a single enterprise, makes the Group more agile, innovative and efficient in the service of its 11.5 million members.
New social governance
Incorporation of the Covéa economic and social unit (UES) and establishment of a Group labour-management negotiating platform. Launch of negotiations on a common status.
Strategic turn point
The Group’s construction takes a new turn: Covéa is now responsible for defining strategy, while the three brands retain control over their respective operational decisions.
Covéa puts on new colors
SMI, an inter-professional mutual company, joins the Group and strengthens our positions in group health insurance. Covéa acquires Sterling Insurance Group in the United Kingdom.
New construction milestones
Creation of Covéa Coopérations to simplify the legal and operational structure of a group that has grown significantly. Formation of Covéa Insurance following the merger of two UK-based subsidiaries.
Health insurance growth
APGIS, France's 12th largest joint-representation provident institution, joins Covéa, leading to the pooling of resources for research, development, distribution and group health insurance management.
Centralised financial management
Financial management is one of the priority areas for pooling resources and capabilities. Covéa creates a single management structure bringing together all its financial and real estate expertise.
Fidélia : the Group's single assistance provider
Fidélia Assistance, historically the AZUR-GMF group's assistance provider, becomes the single assistance company for all Group members and customers.
The baton passes
Thierry Derez, who was previously Chairman and Chief Executive Officer of MAAF and Chairman of MMA, succeeds Jean-Claude Seys as Covéa's Chairman and Chief Executive Officer.
Pooling complementary strengths
AZUR-GMF, headed by Thierry Derez, joins Covéa. Four insurance mutual 'families' now make up the Covéa SGAM, bound by a single principle: to pool complementary strengths. Covéa becomes a leader in property insurance.
A first in France
Under the chairmanship of Jean-Claude Seys, MAAF Assurances and MMA decide to jointly create a group of insurance mutuals, taking advantage of a new type of French legal structure. A first in France.
The Group's first building blocks
The first shared legal and operational entities are created, with responsibility for claims management and certain activities in niche markets or specific risks.
MAAF Assurances and MMA merge with Covéa SRM, Société de Réassurance Mutuelle, to form Covéa.