Groupama told its staff just before Christmas that the sale of the company would be delayed until at least the end of the first quarter 2002.
But the company confirmed that it had "entered an exclusive deal with another party" to take over the runoff side of the business.
A spokesman said: "While we are pleased with the progress of the sale, it is taking longer than expected.
"The process has been complex because we decided to restructure the business to facilitate the sale."
He added that there were still a small number of serious bidders for Groupama and there was still hope that the company could be sold as a going concern.
Groupama's UK arm had gross written premiums of some £600m in 2001, with profits of £25m.
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.
