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In 1973 the French bank Compagnie bancaire founded a life insurance company Compagnie d'Assurance et d'Investissement de France (CARDIF). Since 1998 the company is part of the BNP Paribas Group. Today, Cardif’s global operations represent the world’s second largest payment protection business. In 2011, Cardif had a workforce of about 9 000. Cardif has subsidiaries in 36 countries.
On 7 April 2014 BNP Paribas Cardif was sanctioned and fined 10 million Euros by the disciplinary committee of the "Authority of prudential supervision and resolution" (ACPR - Bank of France) for shortcomings and delays in complying with its legal obligations and which resulted in wrongful retention of amounts that should have been paid to beneficiaries of unclaimed life insurance policies (origin, Le Particulier No. 1097).
Cardif has been active in the Dutch market since 1996. In 2000, the Dutch headquarters moved from Breda to Oosterhout, currently employing 120 people. More than 600,000 Dutch people have Cardif insurance. Cardif specialises in life insurance and insurance that protects people’s personal situations. In the Netherlands, Cardif is the market leader in mortgage protection. Cardif’s insurance products are sold by independent financial advisors and banks.
Cardif Pinnacle (UK)
Cardif Pinnacle is a UK subsidiary of Cardif, The business was formed in 1971 as Pinnacle Insurance Company Ltd , and established itself as a leading specialist provider of protection and investment solutions. Today the company is focused upon the provision of creditor, pet insurance and motor warranty insurance. The strategy of the business is to ensure that customers are well serviced whilst focusing on the operational capabilities and efficiency. The business is making ongoing investment into its pet and warranty propositions. Cardif Pinnacle group owns a motor warranty business, Warranty Direct Ltd which arranges warranty and Gap insurance both direct to consumers and via intermediaries. They also own two pet insurance brands helpucover since 2000 and Everypaw since 2017.
- BOB-Cardif Life (joint venture with Bank of Beijing)