Groupama eyes SME sector

Groupama has acquired a majority stake in the Bollington Group, while confirming that the broker will continue to operate as an entirely separate business.

Pierre Lefevre, Groupama UK chairman and chief executive officer, commented: "This is another valuable strategic initiative and one that offers us an opportunity for profitable growth within the UK's small to medium-sized enterprise insurance market."

Mr Lefevre added that Bollington was a significant player in several niche areas where the

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