12 November 2009
José Morago appointed Chief Risk Officer at Groupama Insurances
Groupama Insurances has appointed José Morago as its Chief Risk Officer. He reports directly to François-Xavier Boisseau, Chief Executive Officer for Groupama Insurances.
Bringing more than 13 years international experience in insurance, banking and management consulting, José joins Groupama from McKinsey & Company, the leading international management consulting firm where he was an expert in insurance, risk management and Solvency II. Prior to this, he spent three years at Moody’s Investor Service as analyst for the European Insurance Industry. José has also played key risk-related roles at Liberty Mutual Group in Boston, USA, and at Banco Santander in Madrid, Spain.
José will have line responsibility for Groupama’s Risk Management, Internal Audit and Underwriting Technical Review departments. He will play a leading role in implementing Solvency II within the business and in ensuring that risk management continues to be embedded into the organisation in accordance with industry best practice and the requirements of the FSA. José will be working with Groupama’s Risk Committee and General Management teams.
François-Xavier Boisseau comments: "José brings substantial experience and proven skills to ensure our risk management and auditing activities remain of the highest quality. We are delighted to welcome him to the business."
Ends
November 2009
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.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
