CNP Assurances and La Mutuelle Générale Unveil New Social Protection Venture

CNP Assurances and La Mutuelle Générale have announced the establishment of CNP Assurances Protection Sociale, a public limited company. The new entity, effective as of 31 December 2024, is owned 65% by CNP Assurances Holding and 35% by La Mutuelle Générale. This strategic partnership positions the company as a leader in social protection, focusing on health and personal protection insurance.

With over 1,300 employees from La Mutuelle Générale and more than 20 from CNP Assurances, the new firm aims to integrate robust operational capacities. It plans to cater to over 1.4 million policyholders and generate €900m in estimated premium income at launch.

The leadership includes Christophe Harrigan as CEO and Gilles Ferréol as Deputy CEO, with Thomas Chardonnel serving as Chairman. The initiative is strategically aligned with CNP Assurances' development goals and has a minimal impact on its SCR coverage ratio.