Groupama reduces dependence on shrinking UK GI business
French insurer Groupama today reported that its British business had implemented its policy of refocusing on its core business and increasing risk selectivity in order to restore profitability, while announcing its group results for the year ended 31 December 2003.
The British business was the only one of Groupama’s international general insurance businesses - the others being Spain, Italy, Hungry and Portugal - to report a drop in income over the last twelveOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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