Groupama in the UK up for sale

Francois-Xavier Boisseau

It is understood that in relation to its exposures to the EU debt crisis, Groupama is looking to raise upwards of £300m with the sale of its UK arm which includes brokers Bollington, Carole Nash and Lark.

The insurer hopes that if it can raise enough capital, it will be able to avoid the dreaded junk bond status that has stalked it since late last year.

Eric Galbraith, chief executive of the British Insurance Brokers' Association, said he was sad to see Groupama go but hoped that it would be

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 [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: