The new company is part of the Covéa group, a property and liability insurance provider in France.
As a combination of MMA and Provident, Covéa expects to provide over one million UK customers with a range of general insurance products. It has set its sights on generating revenue of over £420m, while employing 800 staff at eight locations.
James Reader, chief executive of Covéa Insurance, said: “We’ve built Covéa Insurance upon the long-established strengths and expertise of both Provident and
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