Cardif

In 1973 the 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. In 2022, Cardif’s global operations had a workforce of about 8,000 and a presence in 33 countries.

2014-16

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).

In 2015, BNP Paribas Cardif was planning on upping its stake in SBI Life in India to 36 percent, up from 26 percent.

2017-19

In 2017, BNP Paribas Cardif purchased Ageas' Italian insurance unit (Cargeas Assicurazioni).

BNP Paribas Cardif in 2018 had agreed to purchase a partial stake to SBI Life Insurance, after co-founding the joint venture with the State Bank of India in 2001 and already owning 22 percent. BNP Paribas Cardif SA then sold 9 percent of SBI Life Insurance to Carlyle Group in 2019. After another sale later that month, that left BNP Paribas Cardiff's stake in SBI Life Insurance at 7.7 percent, down from 12.7 percent.

2020-21

In 2020, Cardif aimed to invest €3.5 billion in green investments, up from 2017, when it had "pledged to reach €2.4 billion in green investments" before 2019. It also reduced its investments in coal companies.

The insurance company, specifically the BNP Paribas subsidiary Cardif Pinnacle, in July 2020 was censured by the U.K. Competition and Markets Authority for breaches of PPI rules, along with Lloyds Bank and Nationwide.

Cardif was in talks in May 2020 to buy a stake in the life insurer of PT Bank Rakyat Indonesia, after submitting the highest bid for PT Asuransi BRI Life. The sale was reported to be for around $500 million.