Chief exec Martel reveals Groupama losses on Greek debt, bank shares and water company
Groupama chief executive Thierry Martel has revealed that the business will take a €2.8bn hit from the eurozone crisis.
Martel, speaking to French newspaper Le Figaro, said stock market declines have cost €1.2bn in its stake in French bank Societe Generale, €600m from utility firm Veolia and €2bn losses in Greek bonds.
However, Martel said the results were “very good” and that the insurer’s economic fundamentals were “very strong”.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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