Bleak outlook for SME sector as market softens

Michelle Worvell
01 May 2005

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Brokers are under far more pressure now in the small end of the commercial market than they were at the start of the year due to a rapidly softening market.

This is according to Francois-Xavier Boisseau, managing director, Groupama Insurances, who commented: "There is a potentially bleak picture for the commercial SME business as I think that the base and the intensity are changing. The market is turning in the wrong direction - I have a gut feeling about this."

Mr Boisseau said he was

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