A further step is taken in the development of the investment programme “Insurers - Caisse des Dépôts Sustainable Stimulus France”, with the selection of the manager Montefiore Investment to invest and manage the Nov Tourisme - unlisted shares Sustainable Stimulus France fund.

The planet is now facing a health crisis for which the length and repercussions are still difficult to assess. We insurers, are aware of the distress of entrepreneurs whose activity stopped overnight, with a brutality that obviously cannot leave anyone insensitive. It is therefore essential to quickly draw the first lessons from this crisis and to build together a mechanism that will make it possible to better protect companies in the future.

Paris, 2 July 2020 - One year ago, the primary professional bodies and associations representative of the Paris Financial Centre (ASF-French Association of Financial Companies , AFG–French Asset Management Association, FBF-French Banking Federation, FFA-French Insurance Federation, France Invest- French association of private equity actors, Paris EUROPLACE and Finance for Tomorrow) announced new commitments to combat climate change and to further the goal of a net zero-emissions economy by 2050. Today, they have seized this occasion to review the actions taken thus far and those yet to come.

Exceptional because of its scale, the Covid-19 has highlighted the limits of the private insurance system, which is unable to respond to a systemic crisis without a specific system.
In order to learn lessons and find the resources to effectively support businesses faced with such events in the future, the FFA, at the end of April and in cooperation with the French Ministry of the Economy and Finance, set up a workgroup to sketch ideas for a future scheme.
As committed earlier to the government, the FFA today presented the conclusions of its work on a new system for protecting businesses against the economic consequences of a major event like Covid-19.

Following the emergency measures announced last week, and those put in place by its members on an individual basis, this morning the FFA presented new solidarity measures to Mr Bruno Le Maire, Minister for the Economy and Finance.

The French Insurance Federation (FFA) and four trade unions – CFDT, CFE-CGC, CFTC and UNSA – have signed an innovative agreement on the recognition and development of trade union career paths in the insurance sector, with the aim of ensuring the conditions exist for the sustainable development of the presence and activities of trade unions within the industry.

Taking the opportunity of Climate Finance Day 2019, to be held on 29 November in Paris, French insurers and reinsurers are wholeheartedly renewing their commitment to fighting global warming. The third edition of their Baromètre ESG-climat (Environmental, social, governance and climate barometer), published today, shows that the sector made significant progress in responsible investment in 2018. In addition, in keeping with the commitment it made on 2 July 2019, the FFA is passing on new NGO recommendations for defining a coal strategy.

Florence Lustman has today taken up her position as President, a position to which she was unanimously elected by the French Insurance Federation’s General Meeting on 18 June this year.

At the occasion of a meeting with Bruno Le Maire, French Minister for the Economy and Finance, the main professional bodies and associations representing the Paris Financial Center (ASF-French Association of Financial Companies , AFG–French Asset Management Association, FBF-French Banking Federation, FFA-French Insurance Federation, France Invest- French association of private equity actors, Paris EUROPLACE and Finance for Tomorrow) announced today in a joint declaration new collective commitments to combat climate change and contribute to achieving the goal of net zero carbon by the year 2020.