Advising Crédit Agricole Assurances on the signature with Europe Assistance of a strategic partnership agreement

De Pardieu Brocas Maffei has advised Crédit Agricole Assurances on the signature with Europe Assistance of a strategic partnership agreement that will result, in January 2021, in Crédit Agricole Assurances’ non-life subsidiary, Pacifica, taking a 50% stake in the capital of Europ Assistance France, the main services company that groups Europ Assistance’s expertise and resources in the French market.

As from January 2022, Crédit Agricole Assurances and its subsidiaries will entrust all their assistance activities in France to Europ Assistance, which will become the assistance partner of all Crédit Agricole’s insurance companies (Predica, Pacifica, CAMCA, La Médicale).

Completion of the operation, scheduled for early January 2021, is subject to approval by the relevant competition authorities.

Through this partnership between France’s top bankinsurer and one of the world leaders in assistance, the aim for Crédit Agricole Assurances is to expand its services offer.