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Home > Company Index > Insurance > Life Insurance > Union des Assurances Fédérales

Union des Assurances Fédérales
 PROFILE
Will people buy cross-marketed life insurance? Union des Assurances Fédérales (UAF) is banking on it. UAF is an almost wholly owned subsidiary of troubled French bank Crédit Lyonnais and has exclusive rights to market its life insurance products through the bank's network of more than 2,400 branches in France and abroad until 2001. These bank/insurance arrangements, referred to as bancassurance, are common in Europe though they are new to the US. UAF has been selling its products through Crédit Lyonnais since 1977. Crédit Lyonnais bought UAF, previously known as Médicale de France Group, in 1970.

 COMPETITION
AXA (AXA)
BNP Paribas Group (BNP)
CNP Assurances SA (CNP)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 3,392.10
1-Yr. Sales Growth: 439.6%
Employees: 359
Revenue per employee: $9,448,746.52

 KEY PEOPLE
• Jean Pierre Wiedmer
    CEO
• Christian Moulin
    CFO

 CONTACT INFO
27 avenue Claude Vellefaux
75499 Paris Cedex 10, France
Phone: 33-1-40-03-10-00
Fax: 33-1-42-49-35-35
Online: Web Site

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