CNP Assurances is announcing the integration, as of 1 January 2024, of the business activities carried out on its behalf by the Groupement d’Intérêt Economique - Groupement de Partenariats Administratifs (GIE-GPA, an economic interest grouping and administrative partnerships grouping). CNP Assurances previously held 80% of the capital of the GIE and the Association pour la Prévoyance Collective (group protection association), managed by the Malakoff Humanis Group, 20%.
The insurance policy management businesses" of the GPA relating to the scope of CNP Assurances are now attached to the Retirement Solutions Department within the Partnerships France and Amétis network business unit of CNP Assurances, under the direction of Thomas Chardonnel, a member of the Executive Committee.
Serving to internalise complementary skills sets at CNP Assurances, the transaction is part of the Group’s strategy to expand in the social protection, group retirement and term creditor insurance markets and build a very high value-added model for all its business activities in France and abroad.
“By integrating the GPA teams into the CNP Assurances Group, we are internalising skills and activities to support the development of our very high value-added model and our ambitions in the social protection, group retirement and term creditor insurance market. The teams joining CNP Assurances stand apart through their considerable expertise and share our values and our commitment to serving our customers and partners.” said Thomas Chardonnel, Head of the Partnerships France Business Unit and Amétis network.
*Group retirement, long-term care, protection under statutory guarantees for local authorities and term creditor insurance.