Updated on Apr 15, 2024
Our Group is a solid and dynamic financial player, the leading property and liability insurer in France through our three brands MAAF Assurances, MMA Assurances and GMF Assurances, and the 10th largest reinsurer in the world with the PartnerRe brand.
In recent years, Covéa has maintained a very strong position, with solvency at the highest standard in the market, and increased business and geographical diversification thanks to the acquisition of PartnerRe.
Thierry Derez, Chief Executive Officer of Covéa:
“The acquisition of PartnerRe enables us to be present across the entire risk value chain by deploying complementary expertise to better support our customers and members. We are delighted that AM Best has also recognised its contribution to Covéa's financial strength. This robustness is a guarantee of sustainability and a strength of commitment over the long term, enabling us to look to the future with confidence and serenity.”
The Group's financial strength is also recognised by a number of other leading agencies, including Moody's and Standard & Poor's.
Aa3
Stable outlook
Moody's (Last updated: 12/31/2021)
A+ (Superior)
Stable outlook
A.M. Best (Last updated: 12/22/2022)
AA-
Stable outlook
S&P Global Ratings (Last updated: 10:29/2021)
COVEA’S FINANCIAL SOUNDNESS
“In the current environment, we remain very solid, with solvency at the highest standard in the market.”
Covéa relies on its governance model to combine efficiency and simplicity. The strategy, defined at Group level, is deployed by its brands, MAAF, MMA, GMF and PartnerRe, which are responsible for its operational success.
The Group is chaired by Michel Gougnard and Covéa's Executive Committee is led by CEO Thierry Derez.
In order to give ever greater meaning to its activities, and thus respond to a very strong expectation that companies should embody sustainable, positive change for society at large, Covéa is strengthening its commitments to corporate social responsibility (CSR).
The ambition is to work every day to have a stronger, more inclusive and more tangible impact on society. This ambition is reflected in five areas of action.
At Covéa, we strive to accompany everyone towards a world of sustainable growth. And every day, we make sure we bring you proof of this.
We wish to guarantee a significant level of proximity to maintain a personalized, high-quality relationship with our partner brokers. Therefore our teams are available to respond to all your requests with the expertise and flexibility necessary for any lasting business relationship, both at a regional and central level.
We aim to provide you with real technical and local knowledge of your business environment thanks to our organizational model.
Over the years, we have built a relationship based on trust and shared values of committing to our clients with conviction and transparency. How? We offer insurance solutions and services adapted to the risks our joint clients face to advise them at every stage of their development.
We are driven by helping companies accomplish their business.
The Greenfin label is awarded by the French Ministry for Ecological Transition to media that contribute to financing the ecological and energy transition.
