Press Financial Releases Groupama Garancia Biztosító becomes major insurance player in Hungary 6 April 2009 #finance Groupama set up a new insurance subsidiary in Hungary under the name Groupama Garancia Biztosító.Groupama Garancia Biztosító Zrt becomes Hungary's fourth largest non-life insurer and fifth largest life insurer. Press Release Groupama in China : Opening of a representative office in Beijing 7 January 2009 Groupama, the third French multi-line insurance group, has received authorisation to open a representative office in Beijing with a view to obtaining a licence to conduct life insurance business in China.