Groupama operations in Romania profitable in 2012

Groupama operations in Romania profitable in 2012



Operations of French group Groupama will reach the breakeven point in 2011 and will start making a profit in 2012, Groupama Asigurari General Manager Dennis Rousset stated during an economic forum. ‘The Groupama business in Romania in 2009 fell by 10 per cent to EUR 209 M. The management’s objective this year is to render premium writing activities cost-effective and expand its product portfolio,’ Rousset said, according to Mediafax. He added that the number one objective of the French group in 2009 had been the integration of the operations of BT Asigurari, Asiban and OTP Garancia as a single brand – Groupama Asigurari.