Three mutual will have held the calendar posted last March

It is a name with which it now to be reckoned in the landscape of the French insurance. The Maif, Macif the and the AISAM yesterday presented Sferen, their much anticipated group of mutual insurance company (SGAM), officially born Tuesday night. Three mutual will have held the calendar posted last March. Their remains now to get the green light to the Insurance Committee, which has three months to decide, and the competition authority. With 10 million of members and 9.3 billion euros in sales, the new set is necessary as the second French behind Covéa mutualist pole, the SGAM which brings together the GMF, MAAF and MMA. By revealing their draft last spring, three mutual indicated not wanting to copy Covéa. In fact, they have opted for a less integrative model, since they will not closer their disaster management.

The SGAM allows them first and foremost "forge important and sustainable financial solidarity links", said Roger Belot, the CEO of the Maif. If the three groups keep each "their distribution networks, their strategy, their products, their mark", this alliance provides the foundation necessary to "perpetuate their future" and "addressing the challenges of innovation, of the solvency and the competition."For the time being, "we are just the weapon at the foot", said Daniel Havis, the CEO of the AISAM. As announced, the partners have identified seven priority projects (the borrower insurance, life insurance, reinsurance, purchases out of trades and related insurance, asset management and services to the person). First, efforts should focus on services to the person, while Serena, the sign of services to the person from whom the Maif and the Macif are shareholders, debate in serious difficulties. Partners in OFI AM, the Macif and the AISAM also reflect to centralize the management of their assets, "without all their nutty in the same bag", slip Daniel Havis. A folder on which the Maif is "Observer": "an SGAM members are not obliged to engage on all projects, said Roger Belot.". A project can be built in two.

"Does not burn the steps."

The immediate Sferen should a problem of importance to choosing a Director General. Three mutual give few months still to find the rare bird, not excluding the possibility of the recruit in one of three mutual. The Presidency of the SGAM, it will be much rotating and return for two years to Roger Belot. "One could hear that this mode of governance was doomed to failure." "It is a challenge that we will meet," ensures it, who will be also, but transient, the function of General Manager. Daniel Havis and Gérard Andreck, the President of the Macif, occupy them positions of Vice President. The parity will be the rule to the Board of Directors, since each mutual there will be five seats, three will be reserved for representatives of the members. Each founding mutual will have the General Assembly of the SGAM of 15 of the voting rights, or 45 in total. The remaining 55 are divided "on the basis of the number of members and clients respective property and casualty in France", which gives the Macif, 29 in the Maif and 29 to the AISAM 42 of the vote.

Three mutual are already largest speaking open Sferen other mutuals, smaller, of mutual health or welfare institutions. Which leaves "a special field of possibilities, welcomes Gérard Andreck. But before allowing an applicants, must be the SGAM RAM and is consistent with its ethical, social and economic model. "Does not burn the steps." If Sferen today is French, its founders have the intention of relaunching the debate on the creation of a status of SGAM European.