Groupama reports stagnant broking revenues

francois boisseau xavier

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

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