SEPTEMBER 2004 - Broker Jardine Lloyd Thompson Commercial Risks selects Groupama to underwrite the ...
- Broker Jardine Lloyd Thompson Commercial Risks selects Groupama to underwrite the National Inspection Council for Electrical Installation Contracting scheme.
- Adds a non-solicitation clause to its terms of business agreement.
- Expands its suite of Optima products with the addition of a new commercial policy for the small and medium-sized enterprise sector aimed at businesses with a wage roll of up to £750,000.
- Graham Gibson appointed claims director, replacing retiring Mick Booth.
- Confirms the relocation of its personal lines claims division from Birmingham to Portsmouth. The move will see the closure of the Birmingham operation with the loss of 150 jobs, although some staff are offered relocation packages.
- Completes its sales and distribution team with the appointment of Rob Fisher as key account manager for the mid-east, and Steve Vachre as key account manager covering the North-west. Both are responsible for a select panel of local brokers and for the growth of Groupama's regional business.
- Adopts new logo and corporate style.
- Enters the before-the-event market by signing a distribution deal with Composite Legal Expenses.
- Announces first regional key accounts recruit: Louise Austin for the north east of England.
- Says it intends to target 'super-provincial brokers' and chains as a key part of a new distribution strategy outlined following the completion of a major review.
- French parent reports its UK business, which in 2002 was responsible for more than 60% of the group's total international general insurance business or EUR1596m (£1091m), is now responsible for 45% of its 2003 income or EUR1829m.
- Employs ex-Axa managers to its staff. Phil Bird joins as director of non-motor and small and medium-sized enterprise underwriting, while Kate Mutter joins to head the group's sales and agency activities.
- Announces underwriting and pricing director Maggie Litster has decided to take a career break.
Gross written premium 2003: £499.7m
Pre-tax profit/loss: Profit £10.5m excluding consideration paid in respect of a portfolio transfer.
UK head office: Groupama House 24-26 Minories, London. EC3N 1DE
No of regional offices (UK): six
Worldwide offices: Groupama is an international insurance group with representation in many countries.
CEO and key personnel: Pierre Lefevre, chairman and chief executive; Francois-Xavier Boisseau, managing director; Roy Sampson, finance director; Paul Picknett, corporate services director; Amanda Blanc, distribution and customer service director.
Major shareholders: Groupama International SA.
Main lines of business: Personal insurance (home and motor), commercial insurance (small and medium-sized enterprises, commercial packages, motor fleet and tradesmen), healthcare (accident, illness and cash plans).
Total no of employees: average for 2003 - 800
Recent acquisitions/sales: none
Reserves: At year end 2003 - £95m
Agency base: 5000
Direct arm: No
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