About Covéa
Covéa is a company based in Paris (France) founded in 1999 was acquired by Compre Group in April 2025.. Covéa has completed 2 acquisitions, including PartnerRe and Sterling Insurance Group. Covéa offers products and services including Insurance Policies, Reinsurance Services, and Protection Juridique. Covéa operates in a competitive market with competitors including MACSF, Groupe AESIO, ADREA Mutuelle, Club-Assureur and Mobilit Mutuelle, among others.
- Headquarter Paris, France
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Groupe Covéa
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$133.83 M (USD), Debt – Conventional
Nov 05, 2019
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Investors
Compre Group
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
PartnerRe
& 1 more
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Acquired by
Compre Group
(Apr 16, 2025)
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Products & Services of Covéa
Covéa offers a comprehensive portfolio of products and services, including Insurance Policies, Reinsurance Services, and Protection Juridique. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers coverage for personal and business risks
Provides reinsurance to handle large-scale risks internationally
Delivers legal protection for insured parties
Funding Insights of Covéa
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $133.8M
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First Round
First Round
(05 Nov 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2019 | Amount | Debt – Conventional - Covéa | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Covéa
Covéa has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Compre Group and Hexagoniireinsurancedac. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Capital and liability solutions are provided for legacy insurance portfolios.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Covéa
Covéa has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include PartnerRe and Sterling Insurance Group. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of life, health, property, casualty, aviation, marine and other insurance services
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1993 | ||||
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Provider of insurance brokerage services
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1987 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Covéa
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Covéa Comparisons
Competitors of Covéa
Covéa operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MACSF, Groupe AESIO, ADREA Mutuelle, Club-Assureur and Mobilit Mutuelle, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provides mutual health, property, casualty, and pension insurance services.
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| domain | founded_year | HQ Location |
Provides health insurance, prevoyance, savings, and insurances for individuals and companies.
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| domain | founded_year | HQ Location |
Provides health, prevoyance, insurance, and savings services to individuals and enterprises.
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| domain | founded_year | HQ Location |
Provider of health, auto, home, and other insurance services
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| domain | founded_year | HQ Location |
Serves as a mutual insurance firm providing reliable coverage solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Covéa
Frequently Asked Questions about Covéa
When was Covéa founded?
Covéa was founded in 1999 and raised its 1st funding round 20 years after it was founded.
Where is Covéa located?
Covéa is headquartered in Paris, France.
Who is the current CEO of Covéa?
Thierry Derez is the current CEO of Covéa.
What does Covéa do?
Covéa was established in 1999 and is based in Paris, France. Mutual insurance services are offered in the property and casualty sector, with a focus on liability coverage. Operations are conducted primarily in France, serving clients through various insurance products. The company is managed by CEO Thierry Derez, emphasizing stable, member-owned insurance solutions in the financial services industry.
Who are the top competitors of Covéa?
Covéa's top competitors include Club-Assureur, MACSF and Groupe AESIO.
What products or services does Covéa offer?
Covéa offers Insurance Policies, Reinsurance Services, and Protection Juridique.
How many acquisitions has Covéa made?
Covéa has made 2 acquisitions, including PartnerRe, and Sterling Insurance Group.
Who are Covéa's investors?
Covéa has 2 investors. Key investors include Compre Group, and Hexagoniireinsurancedac.
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