Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 1.2

Description of the concentration

On 16 July 2012, Gan Eurocourtage SA (GEC) agreed to sell to Helvetia discrete parts of its Transport and Marine Insurance portfolio. The Transaction consists in the purchase of the portfolio of GEC’s Marine and Transport Insurance contracts (excluding aviation and space) and their related assets underwritten in France and the various French overseas territories. Helvetia is a pan-European insurance company active both in the life and the non-life insurance sectors. GEC is constituted by insurance portfolios of contracts underwritten by GEC concerning the provision of non-life insurance products (including transport, marine, IARD (damages) and non-life collective) to individuals, professionals and businesses, as well as the related management and brokerage activities within GEC.