Groupama Insurances Appoints David Ragan as Group Compliance Officer
23 July 2008
Groupama Insurances has appointed David Ragan as Group Compliance Officer, following the retirement of Colin Darnell. David will be responsible for addressing current and forthcoming regulatory issues, advising on regulatory risks that impact the business and offering expert input to business areas that must comply with FSA rules. The role also includes monitoring & reporting the regulatory aspects of the company and communication and liaison with the FSA. David will report to Rosemary Whitfield-Jones, Group Company Secretary and Legal Adviser at Groupama Insurances.
Prior to joining Groupama, David was the Property and Casualty Compliance Officer for ACE European Group, where he was responsible for planning and managing the organisation’s commercial insurance regulation activity throughout Europe. Previously, as Legal & Compliance Officer for Sterling Insurance Group, David was part of a compliance team, gaining experience in conduct of business regulation, anti money-laundering procedures, fraud prevention and data protection.
Rosemary Whitfield–Jones, comments, “David brings a wealth of knowledge and experience in compliance management. This is a critical area of our business and we believe David has the right skill-set to ensure Groupama continues to operate within the current regulatory regime whilst working closely with the FSA to understand and address any new regulatory changes that arise. “
“We would like to thank Colin Darnell for all the time and commitment he has given to Groupama over the years and we wish him well for his retirement.”
Ends
July 2008
Notes to editors
Groupama Insurances is one of the UK's leading general insurers. The UK group offers motor, home and health insurance and also provides insurance protection to a growing number of smaller UK businesses. The company employs over 800 staff in 6 centres and is an accredited 'Investor in People'.
Award winning
Groupama's Broker Trading Team won the Manchester CII Underwriting Initiative of the Year Award in 2008. Groupama Insurances was also winner of the ‘Claims Initiative of the Year’ Award in the 2007 British Insurance Awards, 'Company of the Year' Award in the Insurance Day Awards 2005, winner of the 'E-Business Award' in the British Insurance Awards 2005 and in both 2005 and 2006 was 'Highly Commended' in category for 'General Insurer of the Year'. Groupama Healthcare won the "Most Innovative New Product" Award at the 2006 Health Insurance Awards.
Groupama is also a previous winner of the 'Underwriter of the Year' award in the British Insurance Awards and has twice been voted 'Underwriting Team of the Year' at the Insurance Day Awards. In addition, the UK Group has been awarded 'Insurer of the Year' at the Bodyshop Magazine Awards and was 'Highly Commended' in the National Business Awards 2005 in the Best Use of Technology category.
An impressive pedigree
Groupama Insurances is part of European financial services giant Groupama, an international business that generates annual revenues in excess of €14billion.
Groupama is one of Europe's largest mutuals, the second insurer in France for motor marine and transport and the country's number one agricultural and individual health insurer.
Visit www.groupama.co.uk or www.groupama.com for further information relating to the worldwide group
For further press information please contact Alison Reeson, Louise Fowler or Elinor Puzey at HSL on 020 8977 9132 or at hsl@harrisonsadler.com