PARIS, FRANCE --(Marketwired - Jan. 17, 2014 ) - On Friday, December 27, 2013 , Mederic Epargne has sold its entire life insurance business to Optimum Vie , a portfolio of approximately 4,000 personal savings contracts (unit-linked and non-unit-linked policies). On September 27, 2013 , an agreement was signed between Optimum Vie S.A. , the French subsidiary of Optimum Group , and Mederic Epargne, a subsidiary of Malakoff Mederic, for the acquisition of Mederic Epargne's entire life insurance portfolio. This transaction, which was submitted to the Autorite de Controle Prudentiel et de Resolution for approval has been authorized on December 18 , and was officially published in the French Republic's Journal Officiel on December 24, 2013 . 'This agreement is in line with the strategy we have established for our company over the past few years' said Anabelle Blondeau , President and Chief Executive Officer, Optimum Vie . 'In addition to providing high standards of service to Mederic Epargne's insureds, this transaction will enable Optimum to continue its development in France by further consolidating its position in the life insurance market' added Mrs. Blondeau. 'This transaction is part of our new marketing strategy' explains Romain Bernier-Dupreelle, Marketing Director, Individual Products at Malakoff Mederic, 'it also plans for a cooperation agreement between Optimum Vie and Malakoff Mederic in order to provide high standards of service and efficient management to insureds'. About Optimum Vie S.A. Acquired by Optimum in 1975, Optimum Vie is a French life insurance company which offers contracts linked to investment, capitalization, savings and retirement funds, as well as traditional pre-need products. Optimum Group is a private Canadian financial group active internationally in property and casualty insurance, life reinsurance, life insurance, actuarial consulting and asset management. Optimum Group's assets have reached more than $3 billion and its revenues, $600 million . The Group manages around $6 billion in funds. More than 500 people contribute to its success in Canada , France , and the United States . www.optimumvie.fr\ About Mederic Epargne Mederic Epargne is a French insurance company entirely dedicated to life insurance and personal savings, and is a subsidiary of Groupe Malakoff Mederic, a leader in the French social protection market, active in two main sectors: supplementary pension plans and personal insurance plans. www.malakofmederic.com FOR FURTHER INFORMATION PLEASE CONTACT: OPTIMUM VIE S.A. Anabelle Blondeau President and Chief Executive Officer 514 288-2010 firstname.lastname@example.org MALAKOFF MEDERIC Stephane Dupont 01 56 03 32 95 email@example.com Constance Baudry 01 56 03 20 36 firstname.lastname@example.org Source: Optimum Vie S.A.
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