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Groupama boss hails effort in stopping motor 'bleeding'

francois boisseau xavier

Groupama chief executive François-Xavier Boisseau has said the insurer has gone some way to stopping the "bleeding" of its private motor account, as it reported its results for the first half of 2010.

Groupama Insurances' combined UK operations reported a 30% increase in pre-tax profit to £13.7m (H1 2009: £10.5m), and attributed its improvement to a strong commercial lines performance, and ongoing

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