Groupama to up motor rates by 10% for 2010
Groupama Insurances UK chief executive Francois-Xavier Boisseau has vowed to increase private motor rates, pinpointing the division as the "only culprit" for the insurer's fall in profits.
The firm revealed that pre-tax profits fell 50% year on year to £14.1m in 2009 (2008: £30.1m), although revenue rose 3.9% to £450.3m (2008: £433.3m).
Mr Boisseau told Post that Groupama would raise
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