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France's CNP Assurances tweaks its deal with Brazil's Caixa
CNP Assurances H1 Net Result Group Share Up At 687 Million Euros
Banque Postale, BPCE Progressing on Shareholder Changes
CNP Assurances SA (CNP) is a France-based personal insurance provider. The Company’s product portfolio includes savings products, risk and contingency products and pension products. It offers a range of products and services in both individual and group insurance sectors. It divides its activities into Savings, Pensions, Personal Risk, Loan Insurance, Health Insurance, Property & Casualty and Other. The Company operates through a number of subsidiaries, including Previposte, CNP IAM, CNP International and CAIXA Seguros, Tempo Dental, Azimut and Isalud, among others. In addition, CNP SA offers a range of services for the elderly and disabled people, through Filassistance International and Age d'Or Expansion. The Company is present in France, Spain, Argentina, Portugal, among others.
Insurance (Prop. & Casualty)
4 Place Raoul Dautry, Paris Cedex 15
Chairman of the Board of Directors and Independent Director
Second Chief Executive Officer, Regulatory Issues, Member of the Executive Committee
Chief Executive Officer, Member of the Executive Committee
Deputy Chief Executive Officer, Member of the Executive Committee, Head of the Open Model Business Unit, Head of the Social Protection and Services Business Unit
Chief Financial Officer, Member of the Executive Committee
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France's CNP Assurances SA <CNPP.PA> has reached a deal worth 7 billion reais (1.34 billion pounds) with Caixa Economica Federal to sell insurance in the bank's more than 3,000 branches, the Brazilian state-owned lender said on Thursday.
France's CNP Assurances SA is close to reaching a deal worth 7 billion reais ($1.7 billion) with Brazil's state-owned lender Caixa Economica Federal to sell insurance in the bank's more than 3,000 branches, two sources with knowledge of the matter said.
France's CNP Assurances <CNPP.PA> and Italy's Cattolica Assicurazioni are among a series of European bidders looking to submit binding offers for a controlling stake in the insurance arm of Italian lender UBI Banca <UBI.MI>, sources told Reuters.
French insurer CNP Assurances <CNPP.PA> will seek to further expand abroad after a deal with state-owned mail operator La Poste, the head of La Poste's banking arm said on Tuesday.
France's market regulator has approved state-owned mail operator La Poste's takeover of CNP Assurances in a bid to create a state-controlled bank and insurer focused on the country's rural areas.
French insurer CNP Assurances said on Thursday it had appointed Thomas Behar as chief financial officer, replacing Antoine Lissowski, who was appointed CEO in November.
French insurance group CNP Assurances will appoint chief financial officer Antoine Lissowski as CEO, replacing Frederic Lavenir who left the company in late August, according to two sources close to the matter.
Brazilian state bank Caixa Econômica Federal will use proceeds raised in a new joint venture with France's CNP Assurances SA to boost its capital ratio, Chief Executive Officer Nelson Antonio de Souza told Reuters on Friday.
France is to create a state-owned bank and insurer focused on the country's rural areas by merging La Poste's banking arm with insurer CNP Assurances.
France plans to merge CNP Assurances and La Poste's banking arm to create a financial group that would offer banking and insurance services mainly in rural areas, Finance Minister Bruno Le Maire said on Thursday.
The insurance unit of Brazil's state-owned lender Caixa Economica Federal has agreed to create a new joint venture with France's CNP Assurances SA <CNPP.PA> to sell life insurance products in the bank's more than 4,000 branches in the country.
The French government will announce on Thursday the merger of CNP Assurances <CNPP.PA> and La Poste, which will fall under state-owned investment fund Caisse des Depots, a government source told Reuters confirming a report in Les Echos.
France's banking and insurance regulator imposed an 8 million euros ($9.4 million) fine on insurer CNP for breaches in preventing money laundering and failures in preventing the financing of activities deemed to be linked to terrorism.
French insurer CNP, which has been the subject of merger speculation, reiterated its annual earnings growth targets as it posted higher interim net profits.
French insurer CNP Assurances , which has been the subject of recent merger speculation, said on Monday that its net profit rose 2.3 percent to 672 million euros ($783.4 million), buoyed by its main domestic business.
French insurer CNP Assurances <CNPP.PA>, which has been at the centre of merger speculation, appointed an interim chief executive on Friday to replace Frederic Lavenir who unexpectedly quit earlier this month.
French insurer CNP Assurances , which has been at the centre of recent merger speculation, appointed an interim chief executive on Friday to replace departing Frederic Lavenir who unexpectedly quit earlier this month.
France's La Poste is planning to buy the stake in insurer CNP Assurances <CNPP.PA> held by state-owned investment fund Caisse des Depots though the details of the deal are not yet finalised, a source close to the mail company told Reuters on Thursday.
* CNP has been at centre of recent merger speculation (Updates with share price reaction)
French insurer CNP <CNPP.PA>, which has been at the center of recent merger speculation, said its chief executive Frederic Lavenir had resigned for "personal reasons" and added it was working on finding his successor.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.