Determined to succeed
Groupama faced some dark days in 2002 but new management and serious re-building work has seen it widen its ambitions and look to new growth, as Michelle Worvell writes
In 2002 Groupama Insurance released a statement in answer to widespread speculation over its future after reporting losses in the millions and having been put up for sale by its parent company.
This important announcement for the broker-only insurer stated that despite strong interest from potential acquirers, Groupama had made a long term commitment, in the region of five years, to its UK subsidiary, Groupama Insurances. Whatever the truth of the matter, the parent company had been unable to
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