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CNP Assurances: partnership renewed with Unicredit

(CercleFinance.com) - After trading on Wednesday CNP Assurances announced the renewal of its partnership with UniCredit in the field of insurance in Italy, through the company CNP UniCredit Vita, which is 57.
5%-owned by CNP Assurances, 38.8% by UniCredit and 3.7% by Cardif.

Concluded for a period of 7 years from 1 January 2018 (until 31 December 2024), this new partnership is materialised by a shareholder agreement signed between CNP Assurances, UniCredit and Cardif, as well as by a distribution agreement between NOC UniCredit Vita and UniCredit.

With new ambitions, the latter reinforces CNP Assurances' presence in Italy and will result in the creation of a dedicated structure for commercial animation within the joint subsidiary, in order to develop the marketing of index-linked savings policies, personal providence plans and private pension provision and loan insurance, in line with the strategy of changes in CNP Assurances' product mix.

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