CGPA was formed in 1930 in France. A company created by Insurance Intermediaries – born out of their need to protect their businesses. It is the first time that an Insurer focussed solely on providing Professional Indemnity to protect Insurance Intermediaries. Our stated objective was to protect our policyholders interests.
Becoming more well known. More and more Insurance Intermediaries joining their peers as clients of ours. The Insurance Market in France is in an expansion phase – reflecting the European economic boom. By expanding CGPA was able to restructure and strengthen itself leading to significant growth of its balance sheet and asset base.
1978 – 1998
Over the years CGPA has become the recognised leader in its field of expertise – professional indemnity. It continues to thrive while launching new development and client training programmes to reflect its position as a “thought leader”. Risk management and claim prevention become core pillars of our company.
1998 - 2005
CGPA anticipated the continued evolution of the European Insurance Market and the increasing roles that Regulators were beginning to play. It always kept fully abreast of developments and led initiatives in coverage changes to always deliver the correct advice and training to its policyholders – to keep them fully compliant and secure.
1998 - 2005
2005 - 2012
The rules governing Insurance Mediation in Europe were continuing to change – particularly with the formation and adoption of the Insurance Mediation Directive. EU driven regulatory common practice was being demanded of Insurance Intermediaries. CGPA decided to accompany this trend by developing the first Europe-wide Insurer to offer Professional Indemnity to Insurance Intermediaries. In 2012 CGPA Europe is created – based in Luxembourg and a wholly owned subsidiary of CGPA Group. Its primary initial focus was to develop business in both the Irish and Italian markets – which it has done to date with great success. Tailor-made products are developed for each territory where CGPA Europe opens for business.
CGPA Group is recognised for its financial strength with the award by Standard & Poors of a Financial Rating of A- (Stable).
Since its creation, CGPA Europe has expanded its activities to several countries and brings to Europe nearly 90 years of experience dedicated solely to providing Professional Indemnity Insurance for Insurance Intermediaries. In a context of increasing harmonisation for the distribution of insurance products within Europe, CGPA Europe creates tailor-made insurance policies, adapted to the specificities of each market.
CGPA Europe currently operates on the Luxembourg market, but also on the Italian, UK, Irish, Spanish and German markets.