50 : MAAF Assurances

Worldwide GWP for 1998 (£000s):
£691,916 (1997: £691,959)

Parent:
MAAF Assurances (mutual company)

Chief officer:
Jean Claude Seys, chairman and CEO

Year company established:
1950 (restructured 1992)

Address, telephone and fax number of European head office:
Chauray
79036 Niort
Cedex 9
France
Tel: +33 5 49 34 35 36
Fax: +33 5 49 34 38 26

Key personnel:
Jean Claude Seys, chairman and CEO
Michael Roux, deputy general manager

Company history:
MAAF Assurances SA was established in 1992 as a result of a restructuring of the parent company MAAF Assurances.
The parent was formed in 1950 as the Mutuelle Assurance Automobile des Artisans de France (MAAAF) underwrote its first motor insurance policies in 1951.
The formation of MAAAF was part of the post-war acceleration in the development of mutual motor insurers in France, which had been delayed by the Second World War. In 1961 MAAAF was renamed Mutual Assurance Artisanale de France, following the introduction of non-motor insurance products.
The restructuring in 1992 resulted in the principle personal lines business being transferred out of the mutual into MAAF SA. The aim was to facilitate the selling of insurance products to the General public. Meanwhile the mutual parent continued to provide personal and commercial lines and products to professionals.

Lines of business:
Motor
Personal Life
Health
Economy
Professional and business

Worldwide net written premium for 1998 (£000s):
£679,883

Worldwide net written premium for 1997 (£000s):
£679,925