Nicolas Denis, CEO of Crédit Agricole Assurances and member of the Executive Committee of Crédit Agricole S.A, says: “We are proud to support the development of the project embodied by Scope, alongside other major shareholders, because we firmly believe in the need to strengthen Europe’s financial sovereignty. This investment is also part of the broader and ambitious project to have new economic and financial tools to support the development of the euro zone.”
Florian Schoeller, CEO and founder of Scope Group, says: “Welcoming a major European insurer, part of one of the largest banking groups in the world as a shareholder underlines Scope's growing relevance in capital markets. Crédit Agricole Assurances’ investment directly supports Europe’s financial sovereignty for which it is essential to have a rating agency rooted in European realities.”
Crédit Agricole Assurances’ investment in Scope is timely now that creating a capital markets union has risen up the political agenda as policy makers seek to boost the region’s economic growth potential while enhancing Europe’s financial sovereignty.
Scope in France: Together with AXA and BPCE, both have recently invested in Scope, Crédit Agricole Assurances is the third major French financial institution becoming shareholder in Scope. The strengthened French shareholder base also reflects the growing relevance of the French market for Scope with public mandates like Air Liquide, CADES, Credit Foncier de France, Fnac Darty, Michelin, and Sanofi. Scope also rates the pandemic-era French government-backed recovery funds Fonds Obligations Relance (OR) and Fonds Prêts Participatifs Relance (PPR). The Paris office, led by Marc Lefèvre, is today Scope’s largest hub outside Germany. French nationals hold top positions at Scope: Guillaume Jolivet is Chief Analytical Officer, while Inès de Dinechin chairs Scope Group’s Supervisory Board. Jean-Claude Trichet, former President of the European Central Bank, is a member of the Scope Foundation’s Honorary Board.
About Crédit Agricole Assurances:
Crédit Agricole Assurances, France’s largest insurer, is the company of the Crédit Agricole group, which brings together all the insurance businesses of Crédit Agricole S.A. Crédit Agricole Assurances offers a range of products and services in savings, retirement, health, personal protection and property insurance products and services. They are distributed by Crédit Agricole’s banks in France and in 9 countries worldwide, and are aimed at individual, professional, agricultural and business customers. Crédit Agricole Assurances has 5,800 employees. Its premium income (“non-GAAP”) to the end of 2023 amounted 37.2 billion euros. www.ca-assurances.com
Press contacts Crédit Agricole Assurances:
Nicolas Leviaux - Head of PR and Influence: T. +33 (0)1 57 72 09 50
Julien Badé - PR Officer : T. +33 (0)1 57 72 93 40
Email: service.presse@ca-assurances.fr
About Scope’s shareholder base: Beside France’s Crédit Agricole, BPCE and AXA, Scope’s shareholders include several other European financial institutions, such as HDI/Talanx, B&C Gruppe, Foyer, Signal Iduna, SV SparkassenVersicherung, Swiss Mobiliar, as well as Germany’s largest foundation RAG-Stiftung. The anchor shareholders of the Scope Group are Florian Schoeller and Stefan Quandt (AQTON).
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