Groupama
Products: Groupama adds 200 trades to its online commercial trade product
Groupama has launched a miscellaneous trades facility for its online commercial trade product, Optima Business Plus.
Fitch maintains negative outlook on Groupama SA
Fitch Ratings has affirmed Groupama SA’s Insurer Financial Strength rating at BBB, outlook negative.
Groupama's UK results bring delight and frustration for CEO
Groupama UK’s chief executive, François-Xavier Boisseau, has admitted that his satisfaction at producing record levels of profit in 2011 has been tempered by the sale process forced upon the insurer by its French parent.
Groupama delivers record profits but sees revenues dip
Groupama UK has experienced a huge upswing in profitability for the second year in a row delivering £43.5m in 2011 against £23.7m in 2010, itself a huge improvement on the previous year (2009: £14.1m).
Groupama increases capability of Optima Business Plus
Groupama has launched a “miscellaneous trades” facility for its online commercial trade product, Optima Business Plus.
Three promotions at CCV
CCV has promoted David Perry to sales and marketing director.
S&P maintains negative watch on Groupama S.A.
Standard & Poor’s (S&P) has reaffirmed its negative watch on Groupama S.A. and maintained its rating for the group at BBB-.
Allianz chief sees room for underwriting improvement despite good results
Allianz UK CEO, Andrew Torrance, has conceded that the insurer’s underwriting performance is not good enough despite recording top line and profit growth and producing an overall combined operating ratio (COR) of 95.7% and a commercial one of 94%.
O’Roarke reveals targets for 2012
John O’Roarke, managing director of LV general insurance, has revealed the insurer is targeting an increase in profit of at least 20% in 2012.
Bids for Groupama due in tomorrow
Bids for Groupama’s UK business are close to being tabled with Zurich, Axa and Allianz all in the frame according to reports.
RSA commercial chief threatens to exit unprofitable markets
RSA’s commercial chief has confirmed that he will pull out from product lines that are not working for the insurer as he continues his revamp of RSA’s commercial book.
Broker satisfaction with insurers remains high, survey says
Broker satisfaction with insurers has remained stable over the past five years and seen an increase for commercial lines, according to an annual survey carried out by General Insurance Market Research within Aura (Gimra).
AA latest provider to dive into telematics
The AA has unveiled Drivesave, a telematics product designed to reward safe drivers with lower premiums.
Video: What the Papers Say latest edition
Joining Martin Friel and Emmanuel Kenning this month is Ant Gould, director of Faculties at the CII.
Groupama increases regional underwriting presence
Groupama has appointed three new regional underwriters to its development underwriting team.
Groupama up for grabs
Speculation continues to surround the sale of French insurance giant’s UK operations
Biba signs up Groupama broker as latest member
Carole Nash, the Groupama-owned motorcycle and classic car broker, has joined the British Insurance Brokers’ Association (Biba).
Leroy completes MBO of Europe Assistance Holdings
Patrick Leroy, chief executive of Europe Assistance Holdings, has completed a management buyout of the firm.
Arrests made in Groupama motor policy scam
Three individuals have been arrested on suspicion of selling fraudulent Groupama motor policies.
MBO not on the table at Groupama
François-Xavier Boisseau, UK CEO of Groupama, has claimed the company will not resort to a fire sale and insisted that an MBO is not on the table.
Where now for Groupama et al?
So we’ve got three insurers up for sale, namely RBSI, Brit and now Groupama. Consolidation in the insurer space has been predicted for some time now but I don’t think people expected it to happen like this – more deals done behind closed doors than…
Groupama chief flattered to be for sale
Groupama’s chief executive officer, François-Xavier Boisseau, has described being put up for sale as both a “disappointment and good surprise. It is quite flattering to be for sale because you are considered a very valuable asset.”
Groupama in the UK up for sale
Groupama is to sell its UK operation as the French insurer scrabbles to raise funds to shore up its EU debt position.
Groupama broker insists business as usual despite sale
Graham Lark, chief executive of Lark Group, has told Insurance Age he believes it is business as usual for the broker following the news of Groupama putting its UK business up for sale.