Redundancies
Claims team consolidation puts 70 Allianz jobs at risk
Around 70 Allianz staff could lose their jobs as the insurer moves to consolidate its property claims teams.
Lloyd’s redundancies: London market forced to focus on cost
A memo from Lloyd’s of London issued to staff inviting them to register for voluntary redundancy comes as little surprise, experts said, as market carriers are increasingly forced to focus on cost.
Lloyd’s invites staff redundancies amid challenging market
The Corporation of Lloyd’s has issued a letter to staff inviting them to register for voluntary redundancy.
NMU declines to comment on rumours of office closures
NMU has declined to comment on rumours that it plans to consolidate its Letchworth, Kent and London offices.
Swinton invests £45m in IT and digital distribution channel
Swinton has said it is hoping to transform its distribution model with a £45m investment in IT. This follows a restructure that will shut 84 branches and leave 900 people out of work.
Potential Swinton job losses a 'disappointing tragedy'
The changing consumer buying habits linked with 900 potential Swinton redundancies has not prevented other brokers from succeeding on the high street, experts said.
Swinton to cut 900 jobs in shift away from high street model
Swinton will likely cut 900 roles from its business by the end of the year as part of a wider restructure.
Towergate places 133 jobs at risk in restructure
Towergate has placed 133 jobs at risk following a restructure in its finance operation.
Former Independent staff hit with further delays to redundancy payouts
Former employees of Independent Insurance have been hit with delays to redundancy payouts that were expected to be announced on Friday.
Two thirds of former Kwik Fit staff find new jobs
Two out of three workers affected by the Kwik Fit Uddingston site closure have found new jobs, according to a Scottish government study.
30 claims handler jobs at risk at Direct Line
Direct Line Group has placed 30 claims handler jobs under review.
Aviva to focus on cost-cutting in wake of restructure
Aviva will look to make cuts in areas of the business that overlap following the recent restructure.
AIG to establish post-Brexit EU hub in Luxembourg
AIG will move its Europe operations from the UK to Luxembourg ahead of Brexit.
Ageas to shed 77 roles in broker channel restructure
Ageas will make 77 redundancies across its broker channel in the wake of the discount rate cut.
Autonet hires 80 former Towergate staff for new Manchester office
Autonet Insurance Services has hired 80 former Towergate employees as it opens a new office in Manchester.
AGCS to reduce headcount by up to 10%
Allianz Global Corporate & Specialty is to reduce staff numbers by as much as 10%.
Aviva will retrain staff affected by automation roll out
Aviva has asked staff if a robot could better perform their job. If the answer is yes, the company will offer employees the chance to be retrained.
RSA says more than 900 jobs culled last year, as it looks to further efficiencies
RSA made more than 900 redundancies last year and plans to make an additional £50m in cost savings.
Quarter of insurance CEOs expect to make redundancies over the next 12 months, says PWC
A quarter of insurance CEOs expect their companies to make redundancies in the next 12 months, according to an extensive survey.
Market restructuring results in 1000 jobs lost over last three months
More than 1000 jobs have been placed at risk over the last three months owing to business restructuring across the market.
150 Allianz staff may lose their jobs under new proposals
Up to 150 Allianz staff may lose their jobs as a result of proposed changes to the company's claims and corporate partner operations.
Smart homes could pave way for Blockchain-enabled insurance
Smart homes fitted with sensors could trigger automatic claims payments, a conference heard.
Towergate to make 176 roles redundant with Manchester retail unit closure
Towergate will close its retail unit in Manchester putting 176 jobs at risk of redundancy.
Japanese mutual to cut third of department staff after implementing AI system
A Japanese life insurance mutual is preparing to cut nearly a third of its payment assessment department's workforce after introducing Artificial Intelligence System IBM Watson.