CNP Assurances: Meeting of the Board of Directors on 6 November 2013
PARIS, November 6, 2013
PARIS, November 6, 2013 /PRNewswire/ --
At its meeting today, the Board of Directors of CNP Assurances^ discussed
the talks with BPCE concerning the distribution agreements.
CNP Assurances restates that one of its strategic priorities is to develop and
enhance its solutions for strengthening its leading partnerships.
As part of this process, the Board, which was informed of BPCE's strategic
choices, expects the talks with BPCE to be conducted with a view to defining,
as from 1 January 2016, a fresh partnership model in personal insurance, based
on existing and new business and covering all of the related financial,
technical, operational and commercial aspects. To this end, the company will
examine the possible cooperation configurations in a commitment to preserving
the overall balance of a partnership agreement between the two groups,
protecting the interests of policyholders and employees, protecting
CNPAssurances's corporate interests and creating value for all of its
About CNP Assurances
CNP Assurances is France's leading personal insurer, with net profit of €951
million in 2012. The Group also has operations in other European countries and
in Latin America, with a significant presence in Brazil. It has 23 million
savings and personal risk policyholders worldwide and 17 million insureds
under term creditor insurance contracts.
CNP Assurances's business is to promote confidence in the future by offering
products that protect against the risks of everyday life. The Group designs
and manages life insurance, pension, term creditor insurance and personal risk
insurance products. The products are distributed by partners that have a
strong market presence.
oIn France, CNP Assurances distributes its individual insurance products
through La Banque Postale and the Caisses d'Epargne, as well as through
its own CNP Trésor network.
oIn group insurance, CNP Assurances and its international subsidiaries
design term creditor insurance products for a large number of financial
institutions. They also craft tailor-made pension and employee benefits
contracts for local authorities, companies and mutual insurance partners.
Listed on the first market of the Paris Bourse since October 1998, CNP
Assurances enjoys the backing of a core group of four major shareholders
(Caisse des Dépôts et Consignations, LaBanquePostale, Groupe BPCE and the
French State) united by a shareholders' agreement.
Disclaimer: Some of the statements contained in this press release may be
forward-looking statements referring to projections, future events, trends or
objectives that, by their very nature, involve inherent risks and
uncertainties. Actual results could differ materially from those currently
anticipated in such statements by reason of factors such as changes in general
economic conditions and conditions in the financial markets, legal or
regulatory decisions or changes, changes in the frequency and amount of
insured claims, particularly as a result of changes in mortality and morbidity
rates, changes in surrender rates, interest rates, foreign exchange rates, the
competitive environment, the policies of foreign central banks or governments,
legal proceedings, the effects of acquisitions and the integration of
newly-acquired businesses, and general factors affecting competition.
Further information regarding factors which may cause results to differ
materially from those projected in forward-looking statements is included in
CNP Assurances' filings with the Autorité des Marchés Financiers. CNP
Assurances does not undertake to update any forward-looking statements
presented herein to take into account any new information, future event or
1. The financial indicators for the first nine months of 2013 will be issued,
as planned, in a press release at 7:30 am on 7 November 2013.
Florence de MONTMARIN
Contacts investisseurs et analystes
SOURCE CNP Assurances
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