Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229 -91111. Fax: +32 229 -64301. E -mail: COMP -MERGER -REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels,  23.3.2022  
C(2022 ) 1922 final  
PUBLIC VERSION  
Generali France  
2 rue Pillet -Will 
75009 Paris  
France  
Subject : Case M .10611 -GENERALI FRANCE / LA MÉDICALE  
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No 139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 28 February 2022 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which  Generali 
France S.A. (“Generali France”, France) , belonging to the Generali Group, ultimately 
controlled by Assicurazioni Generali S.p.A. (Italy), acquires within the meaning of 
Article 3(1)(b) of the Merger Regulation control of the whole of La Médicale S.A. 
(‘La Medicale’, France), controlled by Crédit Agricole S.A. (‘Credit Agricole’, 
France)  and of a portfolio of death covers and irrevers ible loss of autonomy covers 
insured by Predica Prévoyance Dialogue du Crédit Agricole S.A., a subsidiary of 
Crédit Agricole S.A., and marketed by La Médicale (the ‘Insurance Portfolio’). The 
concentration is accomplished by way of purchase of shares and a ssets.3 
2. The business activities of the undertakings concerned  are the following : 
 Generali France is part of the Generali Group, an international group of 
companies active in the insurance and financial sector across the world. Generali 
France provides and distributes both life and non -life insurance products , 
 La Médicale is a French specialist insurer for healthcare professionals active in 
France and Monaco. It provides non -life insurance products and focuses on 
medical liability insurance. La Médicale offe rs a number of additional products, 
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 December 2009,  the Treaty on 
the Funct ioning of the European Union ( ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘Community ’ by ‘Union ’ and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will be used throughout this decision.  
2  OJ L 1, 3.1.1994, p.  3 (the ‘EEA Agreement ’). 
3  Publication in the Official Jou rnal of the European Union No C 111 , 08.03.2022 , p. 5. 

2 such as personal injuries, motor vehicle, property, liability, and legal insurance . 
La Médicale currently markets the Insurance Portfolio and the Insurance Portfolio 
will also be part of the acquisition carried out by Ge nerali France.  
3. After examination of the notification, the European Commission has concluded that 
the notified operation falls within the scope of the Merger  Regulation  and of 
paragraph 5 (c) of the Commission Notice on a simplified procedure for treatment of 
certain concentrations under Council Regulation (EC) No 139/2004 .4 
4. For the reasons set out in the Notice on a simplified procedure, the European 
Commission has decided not to oppose the no tified operation and to declare it 
compatible with the internal market and with the EEA Agreement. This decision is 
adopted in application of Article 6(1)(b) of the Merger  Regulation  and Article 57 of 
the EEA Agreement . 
For the Commission  
 
 
(Signed)  
Olivie r GUERSENT  
Director -General  
 
                                                 
4  OJ C 366, 14.12.2013, p. 5 .