Groupama reports stagnant broking revenues
Combined revenues of Groupama Insurances' UK broking businesses have remained relatively flat at £33.3m during H1 2010 (H1 2009: £34.1m).
The insurer described the performance of its GUK Broking Services subsidiary, which includes Carole Nash Insurance Consultants, the Bollington Group, Lark Insurance, Mastercover and ChoiceQuote Insurance Services, as "robust" given the "weak economic environment in the UK".
Total revenue from underwriting activities at Groupama Insurances increased 5.2% to £237.7m (H1 2009: £225.9m) while profits in Groupama Insurances' combined UK operations increased 30% to £13.7m (H1 2009: £10.5m) before tax
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- JMG strikes its biggest deal of 2024 with BQI swoop
- Covéa cuts losses but underwriting deficit grows
- Pen inks £150m social housing capacity deal with SiriusPoint