Groupama rating
Groupama Insurance was put on review with negative implications by ratings agency Standard & Poor's (S&P).
This was triggered by its French parent announcing an end ...
Groupama ratingGroupama Insurance was put on review with negative implications by ratings agency Standard & Poor's (S&P). This was triggered by its French parent announcing an end to guarantees which had been a "key support for Groupama Insurance", said S&P. Business written after 12 February would not be covered by the guarantees.But a £135m capital injection leaves the UK operation expected by S&P to have covered its regulatory solvency margin by 2.37 times in 2003.
Griffiths profitGriffiths & Armour's Lloyd's broker division reported a doubling of its operating profits in the year to 31 August 2003.They increased by 102% to £679,000 from £335,000 the year before.
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.
