Groupama
| Mutual organization | |
| Industry | Insurance, Financial services |
| Founded | 1986 |
| Headquarters | Paris, France |
|
Number of employees
|
38,000 (2012) |
| Subsidiaries | Gan, Amaguiz, Groupama Banque |
| Website | www.groupama.com |
Groupama an abbreviation for Groupe des Assurances Mutuelles Agricoles (English: Group of Mutual Agricultural Insurances) is a French insurance group headquartered in Paris with operations in 14 countries.
It is listed in the 2007 ICA Global 300 list of mutuals and co-operatives, ranked 6th by 2005 turnover, making it the 2nd largest mutual insurer in the world.
The predecessor of Groupama was founded in the 19th century by a group of farmers to address their own specific insurance needs. It was set up as a mutual organisation and focused on agricultural as well as individuals, professionals, local authorities and businesses.
History:
Its UK subsidiary Groupama Insurances was created by the merger of Lombard Insurance Company Limited and Gan Insurance Company Limited, when the parent companies, namely Groupama (who owned Lombard) and Gan in France, were brought together in 1999.
The group's Groupama Insurances United Kingdom division is one of the major insurance companies in the UK, with a head office in London. It has branches in Croydon, Manchester, Portsmouth, Borehamwood, and Letchworth, following its acquisition of Clinicare Insurance in 2005. The UK group offers motor, home and health insurance and also provides insurance protection to a growing number of smaller UK businesses. The company employs over 800 staff in 6 centres UK.
In 2006, the group acquired UK motorcycle insurance broker Carole Nash.
In 2008, Groupama acquired specialist motor insurance broker, ChoiceQuote Insurance Services.
Ageas UK Limited acquired the UK subsidiary of Groupama SA in November 2012. Groupama Insurance Company Limited then underwent a statutory Part VII transfer under FSMA and its business, customers and employees were transferred to Ageas Insurance Limited on 1 November 2013.
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