1984Creation of the first MAAF mutual funds
1989Establishment of MAAF Gestion SA, a mutual fund management company
1996Creation of Boissy Gestion, an AZUR and GMF management company
1998MMA Finance established
2001Creation of AZUR - GMF Sustainable Development, a mutual fund devoted to socially responsible investments
2004Authorisation extension for FoHF and employee savings plan management
2006Creation of Covéa Finance on 19 October 2006
2010Merger between Covéa Finance and MMA Finance on 1 May 2010
STORY OF AN ALLIANCE
In 2006, the insurance groups MAAF and GMF pooled the €35 billion of assets managed by their portfolio management companies within a new entity: Covéa Finance.
In 2010, Covéa Finance merged with MMA Finance to create Covéa Group's sole portfolio management company.
Boissy Gestion managed assets of over €21 billion for companies of the Azur-GMF Group (mutual guarantee fund for public employees), France's 18th largest asset management company.
MAAF Gestion managed assets of over €12 billion, for MAAF Group companies, France's 31st largest asset management company.
MMA Finance managed over €26 billion for companies of the MMA Group, placing it among France's 20 largest asset management firms.
Boissy Gestion, MAAF Gestion and MMA Finance had the common purpose of working mainly for their parent companies, 80%-90% institutional asset management, collective management for the general public accounting for the remainder. Covéa Finance continues on this path.
COVEA FINANCE, COVEA GROUP'S SOLE ASSET MANAGEMENT COMPANY
Covéa Finance pools the expertise, resources and methods within Covéa, France's leading property and liability insurer.
The company conducts its business for the benefit of all the Group's insurance companies.
COVEA'S KEY FEATURES
Covéa is a company of the Assurance Mutuelle group, wich enables MAAF, MMA and GMF to manage and coordinate their partnerships (claims, IT, asset management, etc.) and to improve their economic performance, while respecting the values of mutuals.
The Covéa Group at a glance
LIFE AND NON-LIFE
of sale in France