PR Newswire/Les Echos/
Paris - 6 November 2013
Meeting of the Board of Directors on 6 November 2013
At its meeting today, the Board of Directors of CNP Assurances(1) 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 CNP
Assurances's corporate interests and creating value for all of its
(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.
About CNP Assurances
CNP Assurances is France's leading personal insurer, with net profit of EUR951
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
- In 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.
- In 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, La Banque Postale, 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
Contacts presse CNP Assurances
Florence de MONTMARIN
01 42 18 86 51
01 42 18 86 19
Contacts investisseurs et analystes CNP Assurances
01 42 18 71 89
01 42 18 83 66
The content and accuracy of news releases published on this site and/or
distributed by PR Newswire or its partners are the sole responsibility of the
originating company or organisation. Whilst every effort is made to ensure the
accuracy of our services, such releases are not actively monitored or reviewed
by PR Newswire or its partners and under no circumstances shall PR Newswire or
its partners be liable for any loss or damage resulting from the use of such
information. All information should be checked prior to publication.
-0- Nov/07/2013 09:31 GMT
Press spacebar to pause and continue. Press esc to stop.