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May 27, 2015 5:00 PM 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: 61
Compensation as of Fiscal Year 2014.

BNP Paribas Cardif S.A. Key Developments

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.

SBI Life Stake May Be Sold To Paribas Cardif

SBI Life Insurance Company Limited’s stake may be sold. State Bank of India (BSE:500112), which hold 75% stake in SBI Life, is planning to sell 10% stake in latter to BNP Paribas Cardif S.A.

SBI To Reportedly Lower Stake In BNP Venture

State Bank of India (BSE:500112) is planning to cut its stake in its life-insurance venture SBI Life Insurance Company Limited with BNP Paribas Cardif S.A., in a move that would raise the French partner's holding to 49%, said people familiar with the matter. The reduction would precede an initial share sale in SBI Life Insurance, 74% owned by SBI, that might happen in the financial year starting April 1, the people said. The sources didn't disclose whether SBI would sell shares to BNP Paribas Cardif or whether the French insurer would make additional investments in SBI Life to raise its 26% stake.

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