Posted on Feb 16, 2019 2021 at 19:36Updated Feb 16, 2019 2021 at 19:59
End of the suspense for the succession of Antoine Lissowski at the head of the listed insurer CNP Assurances. Tuesday evening, the number two in life insurance in France announced the appointment of Stéphane Dedeyan as CEO of the group.
Stephane Dedeyan “Will make a major contribution to building a European leader in bancassurance and responsible finance within the large public financial center”, said in a statement Véronique Weill, the president of the board of directors of CNP.
Work with Philippe Heim
In the bosom of the public sphere since it has been controlled since last year by La Banque Postale, CNP must allow it to accelerate in insurance to compete with other French bancassurers. The new boss of CNP Assurances will therefore have to work closely with that of La Banque Postale, Philippe Heim, who arrived last fall and whose strategic plan is expected shortly.
The arrival of Stéphane Dedeyan also comes at a special time for the French life insurance market, at the heart of CNP’s activity. This experienced a historic decline last year against the backdrop of the economic and health crisis. In addition, the persistence of low rates is forcing the players in this market of nearly 1,800 billion euros to think about an evolution of this investment very popular with the French.
Past by health insurance giant Vyv
This change at the head of CNP Assurances was expected given the approach of the end of Antoine Lissowski’s mandate, scheduled for the end of the next general meeting on April 16, and his age ( sixty-five years soon).
Stéphane Dedeyan was previously CEO of the French health insurance giant Vyv, formed around Harmonie Mutuelle and MGEN. At the end of January, the group had however announced its departure. This followed the decision of Thierry Beaudet, the president of Vyv, not to renew his mandate.
Close to Eric Lombard
Before joining the Vyv group in 2018, Stéphane Dedeyan had spent a large part of his career at Generali. This graduate of HEC and the French Institute of Actuaries, who worked for the consulting firm AT Kearney, was from 2014 to 2017 at the head of Generali France where he worked, as Deputy Managing Director, hand in hand with Eric Lombard, the current boss of Caisse des Dépôts (CDC).
It is precisely within the bosom of the CDC that CNP Assurances is now located, La Poste itself being owned by the CDC and the State.