Post Magazine - Groupama announces restructure following acquisition

Post Magazine - Groupama announces restructure following acquisition: "Groupama announces restructure following acquisition
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Groupama expects to become the eighth largest healthcare insurance provider in the UK with a GWP of over �60m following its acquisition of Clinicare from French mutual insurer AZUR GMF. The purchase of Clinicare was formally completed on 9th November for an undisclosed sum and has been approved by the Financial Services Authority.
Groupama proposes to integrate its two healthcare operations into a single centralised business that will trade from the existing Clinicare offices in Letchworth under the Groupama Healthcare brand.
Paul Picknett corporate services director of Groupama said: �There will inevitably be some job losses due to natural wastage but the aim is to grow the business.
If confirmed, the proposals will see all Healthcare Underwriting, Claims and Customer Servicing activities moving to Letchworth from the Groupama Healthcare centre in Tonbridge. Groupama�s Personal Accident and Travel Underwriting activities will move to London and be managed within its general insurance business.
It is further proposed that Clinicare�s IT and other support functions including Marketing, Finance, Legal & Compliance and HR will all be integrated into the existing Groupama structures. Sales and Distribution activities will come together immediately under Groupama�s Distribution and Customer Service Director Amanda Blanc and be managed by Head of Partnerships and Healthcare Solutions, Derek Findlayson.
It is anticipated that all these changes are phased over the next 4 to 6 months after which the Tonbridge office will close. Until then, the two companies will continue to operate separately unde"