Groupama announces restructure following acquisition
Groupama expects to become the eighth largest healthcare insurance provider in the UK with a GWP of over £60m following its acquisition of Clinicare from French mutual insurer AZUR GMF. The purchase of Clinicare was formally completed on 9th November for an undisclosed sum and has been approved by the Financial Services Authority.
Groupama proposes to integrate its two healthcare operations into a single centralised business that will trade from the existing Clinicare offices in Letchworth under the Groupama Healthcare brand.P
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