SGAM Matmut announces the completion of the acquisition of 100% of the share capital of HSBC Assurances Vie (France)

Core Points - SGAM Matmut has completed the acquisition of 100% of the share capital of HSBC Assurances Vie (France), a life insurance company [2][3] - The acquisition aligns with the Group's strategic plan "Objectif: Impact!" 2024-2026, focusing on growth and diversification [4] - The transaction will increase the Group's business volume by 51% to €4.8 billion based on 2024 pro forma earned premiums compared to 2023 [4] - HSBC Assurances Vie (France) will be rebranded as KOREGE starting 1 November 2025, reflecting a renewed ambition in the savings business [4] Company Leadership - Nicolas Gomart, Deputy Chairman and CEO of SGAM Matmut, will become Chairman of KOREGE, while Tristan de La Fonchais has been appointed CEO [5] - Laurence Rogier, former CEO of HSBC Assurances Vie (France), will serve as Vice-Chairwoman of the Board and oversee Strategic and Financial Coordination of KOREGE [6] Market Position - Matmut Group is a leading player in the French insurance market, managing 8.4 million insurance policies and serving 4.6 million members as of the end of 2024 [8] - The Group generated premium income of €3.2 billion in 2024, with a business mix comprising 46% Property & Casualty, 38% Savings & Protection, and 16% Health Insurance [8][9]