Sale of HSBC Assurances Vie (France) - FAQs

The company, now rebranded as KOREGE, is keeping its headquarters in La Défense: Cœur Défense Building, 110 Esplanade du Général De Gaulle, 92400 Courbevoie.

However, our mailing address has changed to 76030 Rouen Cedex 01.

There is no impact. The company follows a prudent risk management strategy and has a solid balance sheet, enabling it to plan for the long term. It manages over €20 billion in assets across more than 400,000 contracts, with a net profit of €83 million in 2024 (based on IFRS accounting standards) and revenue exceeding €1.6 billion in 2024.

The Groupe Matmut demonstrates its financial strength through several key indicators: an A2 rating awarded by Moody’s, a turnover of €3.2 billion in 2024 (+8.7% compared to 2023), a net profit up by 137% to €104.4 million, as well as solid equity of €2.3 billion. It is regulated by the French Prudential Supervision and Resolution Authority (ACPR).

The group has been experiencing continuous growth since its creation over 60 years ago.

KOREGE is becoming a subsidiary of the Groupe Matmut. As the sole shareholder, the Groupe Matmut is committed to a long-term development strategy.

This change will allow us to enhance our product offering and provide even more effective and sustainable solutions for your life insurance investments.

There will be no impact on your coverage or operation of your insurance contracts.

The company will remain your insurer.
Your current advisor will remain your primary contact.

Only the contract names will change, with KOREGE replacing the HSBC acronym for the majority of contracts.

There will be no impact on the coverage or the functioning of your insurance policies. Our contractual commitments will remain unchanged.

Your policy number will not change. Only the names of the policies will be updated, with KOREGE replacing the HSBC acronym for the majority of contracts.

Our current product range remains unchanged.

We remain committed to providing you with high-quality products and services. As always, we continue to enhance our products to meet your needs.

KOREGE will continue to work with HGAM and use their funds while also opening up to external asset managers.

The company will also maintain its existing distribution agreements.

No, this change in ownership has no impact on the pricing of your policies.

If you have access to the HSBC Assurances platform, you will continue to be able to access and manage your policies through this platform. Your login details will remain unchanged.