Albingia

Last updated
Albingia
Industry Insurance
Founded1901
Headquarters Levallois-Perret,
Area served
France
Key people
Bruno Chamoin (Chairman) (since 2003)
Revenue€229 million (2017)
€47 million (2018)
Number of employees
250 (2017)

Albingia is a French insurance company specialized in Risk management, and based in Levallois-Perret.

Contents

Albingia is currently the only independent French insurance company specialized in Risk management. [1]

History

Albingia was founded in 1901 in Hamburg. its first French subsidiary opens in 1962. [2] In 1999 Albingia was sold to Axa for €850 million. In 2003, Albingia France was bought by Barclays Private Equity (now Equistone Partners Europe) then sold again in 2006 to Chevrillon & Associés et IDI. [3]

In 2018, Eurazeo bought shares of Albingia, alongside the Financière de Blacailloux, controlled by Bruno Chamoin, also Chairman of Albingia. [4] [5] [1]

On 9 April 2020, The Hellfest festival organization announced that they paid on 17 December 2019 to Albingia €175000 for cancellation risks, including pandemic risks, but that the company refused to pay for the cancellation of the festival. The contract was sold before the apparition of the COVID-19 pandemic in China. [6]

Activity

In 1962, the first risk management sold by Albingia was linked for machinery breakdown risks. Since that time its activity has expanded to other risks. It has approximately 3500 Insurance brokers. [7]

COVID-19 claims

In 2020, in regards to the COVID-19 pandemic, the company has decided to not cover for damages suffered by the client that runs the Hellfest music festival. As reported Hellfest's insurance policy covered pandemics. It was also reported that representatives from Albingia agreed, however they claimed it did not cover the COVID-19 pandemic because "respiratory diseases were excluded from the contract". [8] Hellfest reported that they will pursue litigation in court if Albingia doesn't comply with their requests. [6]

Related Research Articles

<span class="mw-page-title-main">Axa</span> French multinational insurance firm

Axa S.A. is a French multinational insurance company headquartered in the 8th arrondissement of Paris. It also provides investment management and other financial services.

<span class="mw-page-title-main">Levallois-Perret</span> Commune in Île-de-France, France

Levallois-Perret is a commune in the Hauts-de-Seine department and Île-de-France region of north-central France. It lies on the right bank of the Seine, some 6 km (3.7 mi) from the centre of Paris in the north-western suburbs of the French capital. It is the most densely populated town in Europe and, together with neighbouring Neuilly-sur-Seine, one of the most expensive suburbs of Paris.

<span class="mw-page-title-main">Chemins de fer de Paris à Lyon et à la Méditerranée</span> French railway company (1857–1937)

The Compagnie des chemins de fer de Paris à Lyon et à la Méditerranée, also known as the Chemins de fer Paris-Lyon-Méditerranée or simply PLM, established in 1857, was one of France’s main railway companies until the nationalization of all French railways and establishment of the Société nationale des chemins de fer français (SNCF) on 1 January 1938.

<span class="mw-page-title-main">Clichy, Hauts-de-Seine</span> Commune in Île-de-France, France

Clichy is a commune in the northwestern suburbs of Paris, France. It is located on the Seine, 6.4 km (4.0 mi) from the centre of Paris. In 2017, it had a population of 61,070.

Tour Les Poissons, known in corporate real estate as Tour Ciel, is a 42-storey, 129.5 m (425 ft) skyscraper located west of Paris in Courbevoie, Hauts-de-Seine, France. While often grouped with the many office towers of La Défense business district, it is actually located half a mile to the northeast in a smaller mixed use complex called Centre Charras, of which it remains the highest building.

<span class="mw-page-title-main">Hellfest</span> Annual music festival focusing on heavy metal music

Hellfest, also called Hellfest Summer Open Air, is a rock festival focusing on heavy metal music, held annually in June in Clisson, France. Its high attendance makes it the French music festival with the largest turnover. It is also one of the biggest metal festivals in Europe and the first to exist in France.

Desjardins Financial Security (DFS) is the life and health insurance arm of Desjardins Group, the leading financial institution in Quebec and the largest cooperative financial group in Canada. DFS registered a record-breaking revenue data in 2016, with a year-over-year increase of 12.5%. In terms of written premium, the industry ranks second in Quebec, and fifth in Canada.

<span class="mw-page-title-main">Patrick Balkany</span> French politician

Patrick Balkany is a French politician.

Eugène Morel was a French librarian, writer and literary critic. One of the founders of the Association of French Librarians, Morel contributed greatly to the development of French libraries and librarianship in the 19th and early 20th centuries.

<span class="mw-page-title-main">François Ewald</span> French philosopher

François (Robert) Ewald is a French philosopher. An assistant to Michel Foucault in the 1970s, he has overseen the publication of much of Foucault's literary estate. Ewald's own work has applied Foucault's notion of governmentality to a history of the welfare state.

<span class="mw-page-title-main">35th Infantry Regiment (France)</span> Military unit

35th Infantry Regiment is an infantry regiment of the French Army. Its origins date back to the formation of the régiment de Nemond in 1604 by a member of the gentry from Lorraine whose surname was Némond. During World War I it was nicknamed As de Trèfle. It is now based at the garrison in Belfort.

<span class="mw-page-title-main">AG Insurance</span>

AG Insurance is a Belgian insurance company providing life insurance and non-life insurance and supplementary pensions. It has been present on the Belgian insurance market since 1824. It targets private individuals, as well as self-employed persons, SMEs and large companies. AG Insurance's products are distributed exclusively through its partners.

Joël Félix is a professor of European history at the University of Reading. Félix is a specialist in the Ancien Régime and the French Revolution.

<span class="mw-page-title-main">La Capitale (company)</span> Canadian financial services company

La Capitale Financial Group Inc. was a Canadian business that provided insurance products and financial services in Quebec, Canada. The company was headquartered in Quebec City and mainly active in Quebec, though extending its services into Ontario since 2008. With more than 900 institutions and 600,000 members of staff, La Capitale General Insurance ranked among the largest insurers in Quebec.

<span class="mw-page-title-main">Opération Sentinelle</span>

Opération Sentinelle is a French military operation with 10,000 soldiers and 4,700 police and gendarmes deployed since the aftermath of the January 2015 Île-de-France attacks, with the objective of protecting the deemed sensitive "points" of the territory from terrorism. It was reinforced during the November 2015 Paris attacks, and is part of a state of emergency in France due to continued terror threats and attacks, until the state of emergency ended on 1 November 2017.

The Chambre de l'assurance de dommages (ChAD) in Quebec (Canada) was created under section 284 of the "Act respecting the distribution of financial products and services" at the same time of the creation of the Chambre de la sécurité financière (Québec). Legal entity, its mission is to ensure the protection of the public in matters of damage insurance. The ChAD oversees the compulsory professional development and the ethical conduct of over 15,000 damage insurance agents and brokers, as well as claims adjusters; and provides preventive oversight and enforces discipline on individuals working in these fields.

Webedia is a global company specializing in online media, a subsidiary of the Fimalac group. Based in France, its head office is at located 2 rue Paul Vaillant-Couturier in Levallois-Perret, France. Its founders are Cédric Siré and Guillaume Multrier.

On the morning of 9 August 2017, a car rammed into a group of soldiers in the Levallois-Perret commune in the northwestern suburbs of Paris. Six soldiers patrolling the area as part of Opération Sentinelle were injured in the attack, three of them seriously. The driver fled the scene and, several hours later, was shot and arrested by an elite police unit on a highway near the town of Marquise, Pas-de-Calais after attempting to ram a roadblock. According to the French police the incident was terrorist-related.

Jérôme Salomon is a French infectious diseases physician and high-ranking civil servant. He is the French Directeur général de la Santé since 8 January 2018. He became known in France since the COVID-19 pandemic.

<span class="mw-page-title-main">Amsa assurances Sénégal</span>

Amsa assurances Sénégal is a Senegalese insurance company governed by the CIMA code.

References

  1. 1 2 "IDI et Chevrillon négocient la cession d'Albingia à EURAZEO et Financière de l'Elbe". Capital. 2018-07-02. Retrieved 2020-04-09. Fondée en 1901 en Allemagne et présente en France depuis 1962, Albingia est aujourd'hui l'unique acteur indépendant dans l'assurance des entreprises sur le marché français.
  2. "Assureurs et fonds s'intéressent au sort d'Albingia". Les Echos. 2018-06-20. Retrieved 2020-04-09.
  3. "Axa cède Albingia à Barclays PE". Les Echos. 2003-11-10. Retrieved 2020-04-09.
  4. "Albingia". Eurazeo . Retrieved 2020-04-09.
  5. "Eurazeo met la main sur le spécialiste des risques d'entreprises Albingia". Les Echos. 2018-07-01. Retrieved 2020-04-09.
  6. 1 2 "Hellfest". Hellfest Productions. 2020-04-09. Retrieved 2020-04-09. Consciente des enjeux et de sa responsabilité, l'association Hellfest Productions avait pourtant pris le soin de contracter une assurance de type « tout sauf » avec la compagnie susnommée ALBINGIA, société française d'assurance ayant son siège à Levallois Perret, et ce pour la modique somme de 175 000 €, correspondant au montant de la prime du contrat censé nous couvrir de potentiels risques menant à une annulation. Ce même contrat d'assurance stipule clairement que seront prises en charge les pertes pécuniaires dues à d'éventuelles pandémies à condition que le contrat ait été signé avant l'apparition et la reconnaissance de cette pandémie par les autorités françaises ou par l'OMS. Notre contrat a été signé le 17 décembre 2019, soit avant l'apparition officielle du virus en Chine.
  7. "Bruno Chamoin (Albingia) : " Les courtiers sont les meilleurs vecteurs de la marque Albingia "". argusdelassurance.com. 2017-06-29. Retrieved 2020-04-09.
  8. "Coronavirus. L'assureur du Hellfest répète que ce risque était " exclu du contrat "". Ouest-France. 2020-04-11. Retrieved 2020-04-11.