SWITZERLAND - Global personal insurance group and BNP Paribas subsidiary Cardif is to set up business in Switzerland in 2005.
Announcing the launch, scheduled for the first quarter of 2005 with unemployment insurance, BNP Paribas said the firm would operate in life and non-life insurance.
The new office is part of Cardif’s international development strategy.
“In the long-term, the offer should stretch to cover other risks, such as mortgages, consumer credits and leasing contracts,” BNP Paribas said.
“This new location in Zurich is the latest step in the deployment of the group’s European presence, currently in 17 countries.”
Cardif - the life insurance company with BNP Paribas Assurance, the insurance arm of the BNP Paribas Group - has offered a range of products and services in individual and group savings, retirement and protection, since 1973. With a presence in 29 countries, Cardif works with more than 150 institutional partners world wide.
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