Brokers hail end to Groupama 'limbo' period
Brokers have welcomed the news that Groupama has entered into talks with Ageas around a potential sale of its UK non-life insurance business.
Groupama has been up for sale since January 2012, and it was confirmed today that both businesses have begun exclusive discussions over a purchase deal, which would exclude Groupama’s UK broking operations.
Howard Lickens, CEO at Clear Insurance Management, said the announcement was “very overdue”. He stated: “I have no idea why Groupama seem to have been in limbo for such a long time.”
He described it as a positive move as Ageas are an “up and coming firm”, and continued: “The owners put
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