Insurance recruiters told Post Covid-19 is being used as an excuse for companies to streamline their businesses.
Allianz Global Corporate & Specialty will look to reduce its global headcount by a further 400 as it embarks on a transformation programme.
Aon will repay colleagues in full, plus 5% of the withheld amount, after cutting the salaries of 70% of its workforce.
Aviva’s advice on executive pay and corporate governance and responsibility is bang on the money.
Amid almost 500 redundancies at Markerstudy, the group's board has taken a 50% pay cut, Post can reveal.
The administration deadline of failed broker lead generator Call Connection has been extended until 12 July 2021.
Markerstudy has opened a “redundancy consultation exercise”, the insurer has confirmed.
Aon UK chief operating officer Nathan Shanaghy and the rest of the leadership team may have been left “humbled” by staff responses to global pay cuts, but that doesn’t mean the broker hasn’t served its workforce up a raw deal.
Aon’s announcement that it would reduce 70% of its employees’ salaries led to some speculation that soon-to-be acquired Willis Towers Watson and rival Marsh might swiftly follow, but both brokers have since confirmed they will not follow Aon’s lead.
Marsh & McLennan CEO Dan Glaser today confirmed that the group has no current plans to cut pay packets or dividends, describing salary slashing as “survival mode stuff”.
Axa XL has revealed changes to its leadership team, with UK legal entities CEO Paul Greensmith departing and further ‘reorganisation’ expected.
Around 30 people are at risk of redundancy at Aviva's 'digital forge' in Sheffield.
UK & International CEO at RSA, Scott Egan, has hailed the provider’s underwriting profit for 2019, its first since 2016.
Call Connection creditors will share a payout of around £246,000 as claims from secured and unsecured creditors total £4.7m, administrators BDO have estimated.
The directors of Policyplan and in-administration Staveley Head paid £10m in total dividends to new parent company Gelert Group in 2019.
Managing general agent Staveley Head, known to have used Gefion and Qudos capacity, has entered administration.
180 Years of Post - The history of direct insurance in the UK: How Direct Line and Churchill took on the establishment and ended up as merger partners
As Post celebrates 180 years, Post content director Jonathan Swift explores the birth of direct insurance in the UK and how two key early movers Direct Line and Churchill went from rivals to merger bedfellows in a deal that literally 'shook up insurance'.
Moving home has to be one of the most annoying and tedious things we have to do. From organising your flat viewings to packing up all your belongings. And honestly who really likes change? It’s much easier to just stay in the place you've grown…
180 LV staff faced redundancy as a result of the Allianz commercial business transfers, with around nine in ten (90%) having found roles elsewhere.
Exclusive: Departures and changes for RSA's e-trade division after former e-trading director Paul Trivett leaves the business.
Ian Kemp stepped down as commercial motor underwriting director at RSA last month.
Beazley has placed its UK regional marine book into run-off, citing pressure from low margins, following a strategic review.
Exclusive: Radius Payment Solutions has made a Crewe-based team within its insurance division redundant as it looks to consolidate its insurance operations in the offices of Sheffield-based Burley Group, which it acquired last year.
UK managing general agent Tradewise Insurance Services has sourced £55m of capacity from Berkshire Hathaway via Faraday in London to continue writing motor trade business, as Tradewise Insurance Company goes into run-off.