Where now for Groupama et al?
So we’ve got three insurers up for sale, namely RBSI, Brit and now Groupama. Consolidation in the insurer space has been predicted for some time now but I don’t think people expected it to happen like this – more deals done behind closed doors than businesses being put in the shop window.
All three are good, sound businesses which anyone would like own but the big question is who is going to buy them?
RBSI is probably the most problematic one due its sheer size and the fact that it is a mix of personal lines (mainly motor) and commercial in the shape of NIG which causes two problems.
Existing motor insurers would be necessarily barred from buying RBSI for competition reasons and even if someone could buy it, they get the commercial arm thrown in which they may not necessarily
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