Daily Insurance Industry News
 
 
Daily Insurance Industry News
Tuesday 29th of July 2014
January 13, 2012

Groupama’s UK businesses up for sale

by Gill Montia

Story link: Groupama’s UK businesses up for sale

Groupama says it has reluctantly taken the decision to begin the process of divesting its entire UK operations and is now seeking a new owner for its various UK-based interests. The decision follows a strategic review of the French insurer’s core insurance assets as part of ongoing plans to boost its capital base. Spontaneous expressions […]



February 17, 2011

Cyber crime costs UK plc £21bn a year

by Gill Montia

Story link: Cyber crime costs UK plc £21bn a year

Cyber crime costs the UK economy £27 billion per year, according to a new report launched by the Cabinet Office and information intelligence experts, Detica. UK business bears the brunt of this kind of criminal activity, at a cost of £21 billion per annum, with intellectual property theft swallowing up £9.2 billion; industrial espionage £7.6 […]