Covea Mutual Insurance Group Co - Company Profile
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Covea Mutual Insurance Group Co (Covea) is a mutual insurance company. Its activities include property and casualty insurance, personal insurance, life insurance, savings, assistance, legal protection, asset management, and international reinsurance. The company provides coverage for vehicles, homes, health, professional and business risks, public-sector employees, personal protection, retirement, dependency, and other financial needs. Its principal brands are MAAF, MMA, GMF, and PartnerRe. Its serves carious customers including individuals, households, professionals, businesses, associations, local authorities, public-sector employees, and insurance companies seeking reinsurance. Its products and services are distributed through brand-operated networks, third-party-operated networks, points of sale, affinity partnerships, and specialist entities. Covea operates primarily in France through MAAF, MMA, and GMF and has international reinsurance activities through PartnerRe across North America, Europe, and the Asia-Pacific region. Covea is headquartered in Paris, Ile-de-France, France.
Headquarters
France
Address
86-9 rue Saint Lazare, Paris, Ile-de-France, 75009
Website
www.covea.com/
Telephone
33 970 809809
No of Employees
25,415
Industry
Financial Services
Revenue (2025)
$34.9B
Covea Mutual Insurance Group Co premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Life Insurance | Portfolio Management Services | MAAF |
| Healthcare Insurance | GMF | |
| Retirement Insurance | PartnerRe | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Asset Disposal | In April, the company completed sale of California-based CSE to the Compre Group. |
| 2023 | Asset Disposal | The company has announced the sale of Medical Insurance Company DAC (MIC), the group’s subsidiary based in Ireland, which had entered into runoff in 2015. |
| 2022 | Acquisitions/Mergers/Takeovers | In July, the company completed the acquisition of PartnerRe from EXOR for US$9.3 billion. |
Competitor Comparison
| Key Parameters | Covea Mutual Insurance Group Co | AXA SA | Assicurazioni Generali SpA | CNP Assurances SA | BNP Paribas Cardif |
|---|---|---|---|---|---|
| Headquarters | France | France | Italy | France | France |
| City | Paris | Paris | Trieste | Paris | Nanterre |
| State/Province | Ile-de-France | Ile-de-France | Friuli-Venezia Giulia | Ile-de-France | Ile-de-France |
| No. of Employees | 25,415 | 103,423 | 88,255 | 6,266 | 9,000 |
| Entity Type | Private | Public | Public | Private | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Thierry Derez | Chairman | Executive Board | 2025 | - |
| Michel Gougnard | Vice Chairman | Executive Board | 2025 | - |
| Maud Petit | Chief Executive Officer - Covea Coopeations; Chief Executive Officer; Director | Executive Board | 2025 | - |
| Michael Walker | Chief Financial Officer | Senior Management | 2024 | - |
| Georges De Macedo | Chief Risk Officer | Senior Management | 2026 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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