ADVANT Altana advised Tutélaire in its expansion into retirement savings

Tutélaire has just received approval from the Autorité de Contrôle Prudentiel et de Résolution (ACPR) for the transfer of the CAREL and Mutex SA supplementary pension portfolios for local elected representatives and the PREMUT veterans' pension portfolio from the Mutex union.

With this transfer, Tutélaire, which until now has specialised in retirement and long-term care insurance, is expanding its activities to include supplementary pensions. 
After two years of discussions and preparatory work, Tutélaire has taken over the supplementary pension business of CAREL Mutuelle, Mutex Union and Mutex SA, the historic insurers of local elected representatives for more than 30 years, which together form the leading supplementary pension fund for local elected representatives in France. This diversification confirms the recognition of Tutélaire's technical expertise and consolidates its position as a key player in personal insurance.

ADVANT Altana has been advising Tutélaire on this transaction since January 2023 with a multidisciplinary team comprising Gilles Gaillard, Olivier Carmès and Margaux Ripert (corporate M&A, insurance law), Jean-Guy de Ruffray, Camille Raclet and Clémence Aladjidi (IT, personal data), Philippe de Saint-Bauzel and Marie Darcq (tax).