November 18, 2011

Since the ouster of Jean Azema as head of Groupama, October 24, the timing of the mutual insurance group is accelerating. The new management is reviewing several scenarios to address the solvency of the insurer, rolled through investments in sovereign securities and European equity markets.

Groupama has appointed investment bank Morgan Stanley to test market interest in Gan Insurance, which has the fourth network of general agents in France quick payday loans. Axa is mentioned among the potential buyers, as the most motivated. EUROCOURTAGE Vie and Groupama Gan could also be assigned, provide financial sources.

At the same time, management is considering a merger with an investor temporarily.The head of communications, Frédérique Granado, also decided to leave the band.

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