Covea Mutual Insurance Group Co - Company Profile
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Covea Mutual Insurance Group Co (Covea) is a multi-line insurance company. It offers a range of life and non-life insurance products. It offers insurance products for life, healthcare, retirement, property, business risks, legal expenses, motor, and home. It also offers savings plans and financial services. It caters to professionals, companies, public sector employees, and private individuals. The company distributes insurance products through a network of agents, brokers, and partners under the brand names, including MAAF, MMA, and GMF. It also offers reinsurance products under PartnerRe brand. It has operations in France, the UK, Luxembourg, and the US. 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.eu
Telephone
33 155 506000
No of Employees
24,000
Industry
Financial Services
Revenue (2024)
$34.1B
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 | MMA | |
| 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 | Groupama Assurances Mutuelles |
|---|---|---|---|---|---|
| Headquarters | France | France | Italy | France | France |
| City | Paris | Paris | Trieste | Paris | Paris |
| State/Province | Ile-de-France | Ile-de-France | Friuli-Venezia Giulia | Ile-de-France | Ile-de-France |
| No. of Employees | 24,000 | 103,423 | 88,000 | 6,266 | 29,637 |
| 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; Deputy Managing Director | Senior Management | 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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