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July 29, 2015 12:06 AM ET

Insurance

Company Overview of BNP Paribas Cardif S.A.

Company Overview

BNP Paribas Cardif S.A. provides insurance products to personal and business customers in Europe, Asia, and Latin America. Its products include life insurance, non-life insurance, creditor insurance, pension products, health insurance, property and casualty insurance, and savings and protection insurance products. It offers its products through banks, credit companies, the insurance units of automotive manufacturers, retail chains, insurance brokers, telecoms operators, etc. The company is headquartered in Paris, France. BNP Paribas Cardif S.A. operates as a subsidiary of BNP Paribas SA.

1 boulevard Haussmann

Paris,  75009

France

Key Executives for BNP Paribas Cardif S.A.

Chairman and Chief Executive Officer
Head of Cardif network in France
Deputy Chief Executive Officer and Head of The Finance, Risk Management & Legal Affairs Departments
Director and Chief Executive Officer of BNP Paribas Personal Finance
Director, Chairman of BNP Paribas Personal Investors and Chief Executive Officer of BNP Paribas Personal Investors
Age: 62
Compensation as of Fiscal Year 2015.

BNP Paribas Cardif S.A. Key Developments

BNP Paribas Cardif Announces Executive Changes

BNP Paribas Cardif has appointed Vincent Sussfeld as CEO for the Asian region, with immediate effect. Based in Hong Kong, he succeeds Xavier Guilmineau who will take up new responsibilities within BNP Paribas Group. Sussfeld reports to Jean-Bertrand Laroche, chief operating officer, who is responsible for the international markets of BNP Paribas Cardif, and based in Paris. Prior to the latest appointment, Sussfeld was deputy head of BNP Paribas Cardif in Asia since early 2015 based in Hong Kong. Sussfield has over 15 years' experience covering areas in the insurance business and has held different senior management positions, including deputy CEO of SBI Life, head of sales for international markets and head of public affairs for BNP Paribas Cardif, which he joined in 2007.

BNP Paribas To Raise Stake In SBI Life

BNP Paribas Cardif S.A. is looking to buy additional 10% stake in SBI Life Insurance Company Limited. Arundhati Bhattacharya, Chairman of SBI said, "They have given a letter and have exercised that call for 10%. We have to come to a valuation on which both of us agree, so that this can be taken forward."

State Bank of India Plans to Cut its Stake in Joint Venture, SBI Life Insurance from 74% to 64%

State Bank of India has announced that it has decided to sell a part of its stake in SBI Life Insurance, the bank's life insurance joint venture with a French partner. As part of the proposal, SBI plans to divest a stake of as much as 10% in its life insurance arm. After the proposed sale, SBI will own a 64% stake in the insurance company. SBI Life Insurance is a 74: 26 joint venture between SBI and the French BNP Paribas Cardif.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 1, 2015
Thai Cardif Life Assurance Co., Ltd.
Merger/Acquisition
August 6, 2014
Cargeas Assicurazioni S.P.A.
 

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