Groupama has received a boost with the news that Standard & Poor's has affirmed its single 'A' long-term insurer financial strength and counterparty credit ratings.
Standard & Poor's credit analyst Yann Le Pallec said: "The ratings are based on Groupama's very strong and resilient capitalization, strong business position, and recovering operating performance."
Le Pallec added: "Consolidated capitalization is expected to remain at least in the high 'A' range. Groupama contribution to top-line growth is viewed as a longer-term prospect."
An S&P statement added that despite the negative environment in the equity markets, the group's capitalization is very strong.
The statement said: "It is expected to remain comfortably in the high 'A' range over time."
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.
