Private company

Covéa

Logo: Jvossier, CC0, via Wikimedia Commons4

French mutual insurance company

Covéa is a French mutual insurance company that covers property, liability and reinsurance businesses headquartered in Paris. It was formed from the merger of three separate French mutual insurance companies Garantie Mutuelle des Fonctionnaires (GMF), Mutuelle d'assurance des artisans de France (MAAF) and Mutuelle du Mans Assurance (MMA). It became a mutual insurance group company or SGAM, a special French legal status, in 2002 and operates a number of different brands in France and other countries, that have been obtained through acquisitions.2 It was founded by Jean-Claude Seys.1 Its chief executive is Maud Petit (since 2025).1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

2003Founded1
  • Industryfund management, insurance1
  • HeadquartersParis1
  • Websitewww.covea.com/fr
  • Legal formSociété d'assurance à forme mutuelle3
  • LEI969500S2ON1Z6K2G91303
  • StatusActive3
  • LEI statusIssued and current3
  • Registered address86 RUE SAINT-LAZARE, 75009 Paris, France3
  • Registered withNational Institute of Statistics and Economic Studies, 4505279163

Covéa is a French mutual insurance company that covers property, liability and reinsurance businesses headquartered in Paris. It was formed from the merger of three separate French mutual insurance companies Garantie Mutuelle des Fonctionnaires (GMF), Mutuelle d'assurance des artisans de France (MAAF) and Mutuelle du Mans Assurance (MMA).2

Corporate structure

Covéa sits at the top of its group. 95 entities, 6 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Covéa Paris, France
    • MAAF Chauray, France
    • Apgis Subsidiary
    • MMA Subsidiary · Le Mans, France
    • AM-GMF Subsidiary · Levallois-Perret, France
    • ASS PREVOYANCE GENERAL INTERPROF SALARIE Subsidiary · Vincennes, France
    • COPAREX Subsidiary · Paris, France
    • COVEA COOPERATIONS Subsidiary · Le Mans, France
    • COVEA FINANCE Subsidiary · Paris, France
      • COVEA ACCOMPAGNEMENT (COVÉA ACCOMPAGNEMENT) Fund · Paris, France
      • COVEA ACCOMPAGNEMENT II Fund · Paris, France
      • COVEA ACCOMPAGNEMENT III (COVÉA ACCOMPAGNEMENT III) Fund · Paris, France
      • COVEA ACCOMPAGNEMENT IV (COVÉA ACCOMPAGNEMENT IV) Fund · Paris, France
      • COVEA ACCOMPAGNEMENT V Fund · Paris, France
      • COVEA ACTIONS AMERIQUE MID CAP (COVÉA ACTIONS AMERIQUE MID CAP) Fund · Paris, France
      • COVEA ACTIONS CROISSANCE (COVÉA ACTIONS CROISSANCE) Fund · Paris, France
      • COVEA ACTIONS EUROPE INSTIT (COVÉA ACTIONS EUROPE INSTIT) Fund · Paris, France
      • COVEA ACTIONS EUROPE OPPORTUNITES Fund · Paris, France
      • COVEA ACTIONS JAPON Fund · Paris, France
      • COVEA ACTIONS MONDE Fund · Paris, France
      • COVEA AERIS Fund · Paris, France
      • COVEA AQUA Fund · Paris, France
      • COVEA EURO LARGE CAP Fund · Paris, France
      • COVEA EURO SOUVERAIN Fund · Paris, France
      • COVEA EURO SPREAD Fund · Paris, France
      • COVEA FLEXIBLE ISR Fund · Paris, France
        • COVEA SALARIES FLEXIBLE ISR Fund · Paris, France
      • COVEA HAUT RENDEMENT (COVÉA HAUT RENDEMENT) Fund · Paris, France
      • COVEA HORIZON 2031 Fund · Paris, France
      • COVEA HORIZON 2032 (COVÉA HORIZON 2032) Fund · Paris, France
      • COVEA MOYEN TERME Fund · Paris, France
      • COVEA MULTI ABSOLUTE RETURN Fund · Paris, France
      • COVEA MULTI EMERGENTS Fund · Paris, France
      • COVEA MULTI EUROPE Fund · Paris, France
      • COVEA MULTI HAUT RENDEMENT Fund · Paris, France
      • and 29 more
    • COVEA PROTECTION JURIDIQUE Subsidiary · Le Mans, France
    • COVÉA LIFE LIMITED Subsidiary · Halifax, United Kingdom
    • FIDELIA ASSISTANCE Subsidiary · Saint Cloud, France
    • GMF Subsidiary · France
    • GMF ASSURANCES Subsidiary · Levallois-Perret, France
    • GMF VIE Subsidiary · Ermont, France
    • LA SAUVEGARDE Subsidiary · Levallois-Perret, France
    • LE FINISTERE ASSURANCE Subsidiary · Quimper, France
    • MAAF ASSURANCES Subsidiary · Chauray, France
    • MAAF SANTE Subsidiary · Chauray, France
    • MAAF VIE Subsidiary · Chauray, France
    • MMA IARD Subsidiary · Le Mans, France
    • MMA IARD ASSURANCES MUTUELLES Subsidiary · Le Mans, France
    • MMA VIE Subsidiary · Le Mans, France
    • MMA VIE ASSURANCES MUTUELLES Subsidiary · Le Mans, France
    • PartnerRe Ltd. Subsidiary · Hamilton, Bermuda
      • PARTNER REINSURANCE ASIA PTE. LTD. Subsidiary · Singapore, Singapore
      • PARTNER REINSURANCE COMPANY LTD. Subsidiary · Pembroke, Bermuda
        • PartnerRe Capital Management Ltd. Subsidiary · Pembroke, Bermuda
      • Partner Reinsurance Company of the U.S. Subsidiary · New York, New York, United States
      • PARTNER REINSURANCE EUROPE SE Subsidiary · Dublin, Ireland
      • PARTNERRE AMERICA INSURANCE COMPANY Subsidiary · Stamford, Connecticut, United States
      • PARTNERRE ASSET MANAGEMENT CORPORATION Subsidiary · Stamford, Connecticut, United States
      • PARTNERRE HOLDINGS EUROPE LIMITED Subsidiary · Dublin, Ireland
      • PartnerRe Insurance Solutions Bermuda Ltd. Subsidiary · Pembroke, Bermuda
      • PARTNERRE IRELAND FINANCE DESIGNATED ACTIVITY COMPANY Subsidiary · Dublin, Ireland
      • PARTNERRE IRELAND INSURANCE DESIGNATED ACTIVITY COMPANY Subsidiary · Dublin, Ireland
      • PARTNERRE U.S. CORPORATION Subsidiary · Stamford, Connecticut, United States
        • PARTNERRE CAPITAL INVESTMENTS LLC Subsidiary · Stamford, Connecticut, United States
        • PARTNERRE FINANCE B LLC Subsidiary · Stamford, Connecticut, United States
    • SCI SECURITE PIERRE Subsidiary · Chartres, France

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

The story

Founded by Jean-Claude Seys in 2003.1

In 1999, through the initiative of the insurance companies Mutuelle des artisans de France (MAAF) and Mutuelles du Mans Assurances (MMA), the mutual reinsurance company Covéa was formed.

In 2003, under the leadership of group of mutual insurance companies (GEMA) a new legal form of "mutual insurance group company" (SGAM) was established by the French government. Covéa was approved as a SGAM in 2003.

In 2005, the general meeting of Covéa approve the merger with Azur and of the Garantie mutuelle des fonctionnaires (GMF).

On 12 July 2022, Covéa announces completing the acquisition of PartnerRe Ltd. from Exor for a total cash consideration of €7,9Bn.

UK

Covéa Insurance plc was formed in October 2012 following the parent's acquisition and merger of three longstanding UK insurance businesses - Provident Insurance, MMA Insurance and Gateway Insurance. It had approximately 1.2 million policyholders in the UK and employed over 1,000 people across their network of UK offices.

On 25 February 2015, Covéa Group acquired another UK insurance business, Sterling Insurance. Sterling's general insurance business was transferred into Covéa Insurance from 1 January 2016.

As of June 2019, Covea Insurance plc has nearly 2000 employees in the UK, and has 7 offices in England with the registered office being in Reading and the largest being in Halifax.

In June 2023, Covea Insurance plc appointed Georges de Macedo as its new CEO. He replaced, with immediate effect, Adrian Furness, who decided to step back after nearly 30 years in the role.

From Wikipedia’s article on Covéa, shared under CC BY-SA 4.0.5

Leadership

Who has led Covéa, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Maud Petit2025–now
20052010201520202025

Products and brands

  • insurance

Listed on Wikidata.1

Other affiliated mutuals

Assurances Mutuelles de France (AM), specialist in reinsurance

APGIS, specializing in group protection guarantees

SMI, health insurance specialist

Insurance

APJ, defending the rights of individuals

Read the full text

Covéa Deposit, financial security developers and builders, regulated professions to ensure the protection of the funds entrusted by clients.

Covéa Fleet, specializing in corporate fleets and transportation

Covéa Risks, insurance brokerage

DAS, legal protection (PJ) of businesses and individuals

Lybernet, Internet insurance (including marketing the brand Aloa, is also white label for other operators)

Nexx, insurance by telephone and internet

NOVEA, risk specialist aggravated auto insurance

Reinsurance

Covéa Lux internal reinsurance

Covéa Re: Mutual Reinsurance

Management

Covéa AIS (Assistance, compensation, services), economic interest group specializing in the management of claims FMG signs, MAAF, MMA, and partners.

Covéa Finance, Asset Management

Covéa Estate (GIE), promotion of heritage, such as technical management, property management and asset management

Covéa Tech, new technologies (engineering and technical studies)

Services

Assurland, web based comparison site

France broker, mortgage brokerage company

Empruntis, brokerage credits Internet

Fidelia Assistance, support worldwide

Santéclair, health risk management.

Endowment Fund

The Diderot Institute, Covéa is behind the creation of this endowment fund providing public debate analysis on the social economy.

Thôt, created jointly by Covéa and Jean-Claude Seys, designed to promote cooperation between companies and academic research

Miscellaneous

ACT International (extended warranty for new vehicles and used vehicles) in collaboration with manufacturers.

Subsidiaries and international holdings

11.6% of turnover in 2013 came from contributions of activities located abroad.

The development on the international scene allows Covéa to overcome the limitations of external growth in France (the market share already held by Covéa representing nearly 20% of the auto market and HRM ).

It is also a geographical diversification of risk solution in response to the solvency requirements in the insurance sector by the rules called "Solvency II".

Canada

la Capitale Assurances Générales (Québec) (20% de participation GMF). Capital AG also owns the following companies: The only (risk business broker distribution), Penncorp (Life, health and disability), and York & Fi ( IARD )

United States

CSE Insurance Group ( Civil Service Employees Insurance Group, based in California) for employees of the Public Service

Spain

Caser (based in Madrid) (subsidiary of Spanish Savings Banks for about 80%, MAAF MMA & 20%)

Luxembourg

AME Life Lux (a subsidiary 50% AM-GMF and 50% Ethias)

AME Lux (a subsidiary 50% AM-GMF and 50% Ethias) sells property and casualty products

United Kingdom

Covéa Insurance plc (amalgamated the 1 st October 2012 MMA Insurance, Gateway, and Provident acquired in 2011), markets a range of products for individuals and professionals

Swinton brokerage business - Sold off to Ardonagh Group Setp 2018

Sterling Insurance offers a wide range of niche insurance products and also sells administrative services and technical solutions to several major British financial companies.

From Wikipedia’s article on Covéa, shared under CC BY-SA 4.0.5

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Timeline

  1. Jul 1, 2025New chief executive Maud Petit becomes CEO1
  2. 2003Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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