French insurer CNP Assurances has confirmed it has entered into exclusive negotiation with asset manager BTG Pactual in Brazil, in order to acquire 51% of its subsidiaries, PAN Seguros and PAN Corretora.
In France, CNP Assurances distributes its individual insurance products through La Banque Postale and the Caisses d’Epargne, as well as through its own network: Amétis.
Go deeper with GlobalData
In Brazil, its second largest market, the Group’s partner is Caixa Econômica Federal, the country’s second-biggest state-owned bank.
The negotiation with BTG Pactual in Brazil comes after Life Insurance International reported in December 2014 that CNP Assurances had finalised the acquisition of 51% of Santander Consumer Finance’s life and non-life insurance subsidiaries after obtaining the necessary regulatory approvals.
Aside from its presence in France, CNP Assurances Group also has operations in other European countries and in Latin America, with a significant presence in Brazil. It has more than 28 million personal risk/protection insureds worldwide and more than 13m savings and pensions policyholders.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
