Wednesday, December 6, 2023
HomeNEWSQuestion mark over Carole Nash?

Question mark over Carole Nash?

Speculation as to the ownership future of leading specialist motorcycle insurer Carole Nash has re-emerged after disposal of Bollington Group, the only other remaining fragment of French insurance giant Groupama’s UK portfolio, to a management buy-out (MBO) team led by Bollington chief executive Paul Moors.

Since announcing its desire to exit the UK insurance market at the beginning of last year, Groupama disposed of its Lark Group subsidiary through a previous MBO in August and then completed a sale of the major part of its operation here, Groupama Insurances, to the British arm of Dutch-Belgian insurance group Ageas for £116m in November.

This latest departure by Bollington leaves Carole Nash as sole outpost of its French parent still under the rump Groupama UK Broking Services banner. Industry analysts believe its continuing retention is purely attributable to an inability to attract an appropriate price for the business.


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