Ostrum AM to manage CNP Vita Assicura’s €15.6bn of assets

Written by Michael Griffiths

11/09/2024

Italian life insurer, CNP Vita Assicura, has entrusted Ostrum Asset Management (Ostrum AM), an affiliate of Natixis Investment Managers, with the management of €15.6bn worth of listed assets.

The deal covers a fixed income, equity and multi-asset management mandate.

CNP Vita Assicura, a subsidiary of CNP Assurances, revealed that the partnership also includes additional services, such as portfolio risk hedging advice and order reception and transmission.

Ostrum AM will also provide CNP Vita Assicura with expertise in responsible investment to support the Italian insurer in implementing and rolling out its ESG strategy.

CNP Vita Assicura CEO, Marco Passafiume Alfieri, said: “Following a competitive tender, we chose Ostrum AM for its expertise and its ability to support us across the entire investment value chain. Their offer was obviously very competitive, and also included the provision of a dedicated local team.”

Ostrum AM CEO, Olivier Houix, added: “As well as providing us with a new opportunity to work with the CNP Assurances group, this partnership marks a further stage in Ostrum AM’s development in Italy. It confirms our ambition to make Ostrum AM one of the top three institutional asset managers in Europe.”

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