After receiving approval from the French Prudential Supervision and Resolution Authority (ACPR) and the French competition authority, CNP Assurances has closed the acquisition of Swiss Life France’s 34% stake in Assuristance, the holding company of Filassistance International, the assistance and legal protection company of the CNP Assurances/La Banque Postale group. CNP Assurances, which already held 66% of Assuristance’s share capital, is now its sole partner. The sale is accompanied by a commitment to continue the partnership between Swiss Life France and Filassistance International.
A multi-specialist player in personal assistance and property, this transaction enables Filassistance International to :
- become a wholly-owned subsidiary of CNP Assurances, within the major public finance division formed with Caisse des Dépôts, La Poste and La Banque Postale, and thus contribute to the ambitious development project of CNP Assurances;
- continue its commercial relationship with Swiss Life France by continuing to support its policyholders
- continue to develop its activities within the CNP Assurances group and with all its customers in a local partnership relationship.
Stéphane Dedeyan, Chief Executive Officer of CNP Assurances
“We are pleased to become the sole shareholder of Filassistance. This operation is in line
with our strategic ambition and furthers our multi-partner development. Personal assistance and property are key components of our offering, enabling us to provide our partners and customers with comprehensive protection solutions. I would once again like to thank our partner Swiss Life France, with which we have worked closely over many years, and which has committed to continuing its commercial relationship with Filassistance”