February 20, 2017

20 February 2017

Fabrice Bagne has been appointed head of BNP Paribas Cardif in France, taking over management and operational responsibility for the unit. He will focus on continuing to develop BNP Paribas Cardif’s business in France, putting digital solutions and the customer experience at the centre of the company’s strategy.

Fabrice Bagne will manage the activities of BNP Paribas Cardif in France, the insurer’s largest market in terms of gross written premiums (11.6 billion euros in 2015 and approximately 10 million customers). He will report to Virginie Korniloff, BNP Paribas Cardif Chief Operating Officer, Domestic Markets.

The fourth-largest personal insurance provider in France1, BNP Paribas Cardif has a unique business model centred on partnerships. It offers a wide range of solutions for savings and personal protection that are co-created with distribution partners in a variety of sectors: banks and financial institutions, consumer credit companies, major retailers, automakers, telecoms companies, as well as independent financial advisors and insurance brokers.

Virginie Korniloff, BNP Paribas Cardif Chief Operating Officer, Domestic Markets, who was previously head of BNP Paribas Cardif France, will focus entirely on management of the insurer’s domestic markets – France, Italy and Luxembourg. She will continue to drive diversification in these three countries while strengthening the contribution of digital solutions to developing BNP Paribas Cardif in these domestic markets2.

I am convinced that Fabrice’s experience and energy will allow him to accelerate the growth of our business in France. His deep knowledge of the market and the needs of our different clientele segments are key assets to help identify new opportunities and continue to build the insurance solutions of the future,” said Virginie Korniloff.

Fabrice Bagne, 46, has spent the majority of his career with the BNP Paribas Group. He began his career in 1993 with ELF Trading in Geneva before joining BNP Paribas as financial engineer in 1995. In 1998, he became a project manager with the group’s Internal Audit unit. He joined BNP Paribas Cardif in 2002 as project manager for General Management. In 2003, he was appointed head of BNP Paribas Cardif’s savings and company savings operations before becoming head of Cardif Lux Vie, in Luxembourg, from 2006 to 2014. Since 2014, Fabrice Bagne has been Director of Cardif Patrimoine, the BNP Paribas Cardif unit that serves high net worth clientele.

Fabrice Bagne has a graduate degree in capital markets management and a master’s degree in currency, financing and banking from the Université de Sciences Economiques de Lyon 2.


1Ranking of personal insurance companies in France by 2015 gross written premiums (L’Argus de l’Assurance, December 2016)

2BNP Paribas Cardif domestic markets recorded 18.5 billion euros in gross written premiums in 2015.