Groupama CEO blames Greek debt crisis for £1.5bn net losses
Groupama chief executive Thierry Martel has blamed "adverse market conditions" on huge capital losses, attributing the group's net result of a loss of almost €1.8bn (£1.5bn) to the Greek debt crisis.
Martel was quick to point towards "very good" operating results, which include growth in economic income of €309m and a combined ratio of 97.4%. Property and casualty insurance also recorded growth of
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