BOLLINGTON INSURANCE GROUP FOR SALE

French insurance company Groupama has put its UK businesses up for sale, including the Macclesfield-based Bollington Insurance arm.


According to industry title Insurance Times, Groupama`s chief executive Francois Xavier-Boisseau has instructed Deutsche Bank to sell all of its UK assets, which includes Carole Nash, Bollington Insurance Brokers and Lark Insurance.



The sale is part of a divestment of assets Groupama is undertaking in a bid to avoid downgrades of Groupama`s credit rating.

It is estimated that the combined businesses could fetch between