History
Macif, the Mutual Insurance Company for Traders and Industrialists of France, as well as Executives and Employees in Industry and Commerce, was founded on April 30, 1960, as a mutual insurance company. In 1968, Socram Banque was founded by several property and casualty insurance mutuals to distribute auto loans. In the 1970s, MACIF was among the first insurers to offer policies for pleasure boats. In 1979, MACIF partnered with several mutual insurance companies to create Mutavie, a service offering savings and retirement products. When its founder Jacques Vandier (1927–2020) retired in 1997 he asserted that it was the largest mutual motor insurance company in France: "Je suis parti de zéro. Avec quelques autres, j'ai fait de la Macif la première mutuelle d'assurances automobile en France." ("''I started from zero. With a few others, I made Macif the first mutual car insurance company in France''").References
External links
* Mutual insurance companies Insurance companies of France French companies established in 1960 {{France-company-stub