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Vela MD among redundancies

Peter Blanc

The managing director of Oval-owned underwriting agency Vela is among seven staff to lose their jobs as part of a plan to "simplify" the operation and secure its future.

Vela MD Duncan Scott along with head of underwriting & operations Matt Gifford are among the three managers and four 'front-line' underwriters to leave after a month-long consultation.

Remaining staff

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