Covéa Insurance, created by the merger of MMA Insurance and Provident Insurance, has been launched.
Covéa Insurance is new to the United Kingdom, and is already France’s leading property and liability insurance firm (in 2011) with 11m policyholders and €14bn in premiums.
Chief Executive James Reader said that Covéa Insurance was perfectly placed to deliver quality, consistency and financial reassurance, and that it will provide more than a million UK customers with general insurance products.
Reader went on to say that a lot of hard work had been put into combining Provident and MMA and that he was delighted to announce that as of 1 October the two brands have united as one company.
The merger was first announced in January of this year, with the new company generating revenue of over £420m and employing over 800 staff.