Coming back from the brink
When its parent company put Groupama UK up for sale last year its future looked bleak. A new focus means the outlook is now decidedly clearer, say managing director Tim Ablett and chief executive Pierre Lefevre. Diane Smyth finds out more.
The UK branch of Groupama has had a rocky time of it recently. Put upfor sale in July 2001, the insurer was then taken off the market in
February 2002 and given a new chief executive. The new boss, Pierre
Lefevre, has had the job for six months now, however, and says the company
is moving forward.
He is confident Groupama can become one of the UK's top-10 insurers,
pointing out that it has been assured it will not be sold for at least
five years. As he puts it: "I'm not sure how many other
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