New kids on the block.

Property owners is a surprisingly profitable area. Not surprising then that Groupama is vying for more business. But does the insurer really have anything different to offer brokers? Simon Threadgold reports.

Insurance for property owners is one of the rare classes of
business that regularly makes a profit. So it is hardly surprising
to see insurers striving to increase their market share. The latest
initiative has come from Groupama. Maggie Litster, Groupama's
commercial insurances director, accuses the major composites of
having dominated the scene for far too long.


"We intend to change that," she proclaims. "Our research among
brokers suggests that these major insurers have become complacent
and have