Eighteen months after its operational launch on 1 April 2016, ARIAL CNP ASSURANCES was assigned an A- stable outlook rating by the Standard & Poor’s (S&P) rating agency. The company is a jointly held subsidiary formed through a strategic partnership between CNP Assurances and AG2R LA MONDIALE focused on company retirement plans and companies’ benefit commitments.
Among other things, this rating reflects the quality of the company’s long-term counterparty risk and its financial strength (with a Solvency 2 ratio of 452% as at 31.12.2016).
The A- stable outlook rating underlines the expertise of ARIAL CNP ASSURANCES in its market, its strong competitive position, the quality of its client portfolios, the diversity of its distribution channels, its financial strength, and the solidity of the reinsurance scheme implemented with the two shareholders.
The reinsurance schemes put in place by the two shareholders of ARIAL CNP ASSURANCES, held 60% by AG2R LA MONDIALE and 40% by CNP Assurances, embody the two groups’ commitment in the area of company retirement plans and companies’ benefit commitments.
The insurance company combines the activities, know-how and investment capacity of AG2R LA MONDIALE and CNP Assurances, demonstrating the importance of company retirement plans in both groups’ development strategy.