Expert in financial guarantees

Operating exclusively in the field of the financial guarantees, Covéa Caution mainly offers guarantees to home developers and builders, suppliers and for use in regulated professions which must provide guarantees to protect funds invested by customers.

Covéa Caution was founded in 1991 when it was legally compulsory for individual home builders to take out performance bonds.  Based on its high quality reinsurance activities, Covéa Caution has made sureties and bonds its key business.
Covéa Caution mainly works in two types of guarantees in various industries: "legally required" sureties which must be subscribed particularly by legal, real estate and tourism professionals; and construction guarantees for real estate building professionals.

Covéa Caution offers its residential contractor clients an extranet that facilitates the subscription and follow-up of the guarantees that are indispensable for their business. Innovative on the market, this tool is a genuine time saver for builders and has become a sales point when negotiating new contracts.

Covéa Caution started diversifying its portfolio in 2009 and pursued this course in 2010, while continuing to choose its risks based on strict financial criteria. In 2010, growth mainly focused on the individual home sector and real estate development.
The 2010 gross premiums stood at 10.8 million euros (up 0.2%), while high profitability was maintained.

www.covea-caution.fr