Redundancies
This week: It's all about change
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…
Allianz business transfers resulted in 180 LV redundancies
180 LV staff faced redundancy as a result of the Allianz commercial business transfers, with around nine in ten (90%) having found roles elsewhere.
RSA e-trading director exits amid strategy changes and departures
Exclusive: Departures and changes for RSA's e-trade division after former e-trading director Paul Trivett leaves the business.
RSA commercial motor underwriting director steps down
Ian Kemp stepped down as commercial motor underwriting director at RSA last month.
Beazley puts UK regional marine book into run-off
Beazley has placed its UK regional marine book into run-off, citing pressure from low margins, following a strategic review.
Radius Payment Solutions confirms redundancies as it pivots insurance operations to Sheffield
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.
Tradewise secures £55m of motor trade capacity from Berkshire Hathaway
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.
Marsh Commercial closing four offices
Marsh Commercial is closing offices in Northampton, Newmarket, New Malden and Leeds.
Ardonagh reveals future plan for Swinton as all branches close
Ardonagh group has confirmed the closure of all Swinton branches as the integration of the business is almost complete.
Aviva UK profit dips as result of restructuring but excludes £45m Ogden hit
Aviva’s UK general insurance business delivered an operating profit of £172m for the first half of 2019, though the result excludes the £45m expense of strengthening reserves following last month’s discount rate decision.
Allianz commercial COR slips
Allianz UK has seen commercial lines underwriting profit slip in the first half.
Ageas staff facing job losses to be offered roles with Autonet owner
More than 200 Ageas staff due to lose their jobs from the closure of the company’s Stoke-on-Trent offices could get to retain their positions after Autonet’s owner Atlanta Group agreed to take over the lease.
Interview: Dominic Clayden, Motor Insurers’ Bureau
The newly appointed CEO of the Motor Insurers’ Bureau discusses modernisation, Brexit, whiplash portals, and Lewis v Tindale with Martin Croucher
Tokio Marine Kiln Insurance to enter run-off next month
Tokio Marine Kiln Insurance will enter run off, as the group refocuses its UK business on Lloyd’s.
Analysts cautiously welcome Aviva cost-cutting plans
Aviva’s plans to cut more than a tenth of its current cost base have been welcomed by analysts.
This month: Insurance’s Black Thursday?
'Dark clouds over Norfolk'; 'Perth reacts to job losses'; 'Staff don’t know anything'; those were snippets of headlines from local newspapers this week in reaction to Aviva’s plans to cut 1800 jobs.
128 jobs on the line as Allianz shutters Bristol office
Allianz has placed 128 roles at risk of redundancy as it announces the closure of its Bristol claims handling centre.
Aviva to cut 1800 jobs as it splits general insurance and life
Aviva will split its life and general insurance business in the UK, cutting 1800 jobs over the next three years.
Interview: Paul Greensmith, Axa XL
Having been through one merger already Axa XL’s UK CEO Paul Greensmith, took the most recent change in his stride. But he explains to Jen Frost that, even though his part of the business is now part of the behemoth Axa, it will retain its agility,…
Law firms fear closures and redundancies from Civil Liability Act
More than a third of law firms have already shed staff in the run up to the implementation of the Civil Liability Act, and the majority believe the reforms could decimate the personal injury sector.
Aspen MGA in run off with 111 jobs at risk
Aspen has cut loose its UK SME managing general agent, with 111 jobs on the line as a result.
First Central will not appeal £13,000 ‘unfair dismissal’ judgment
Exclusive: First Central has been hit with a compensation order, after a former employee claimed they were dismissed unfairly.
Allianz proposes office closures that put 97 staff at risk of redundancy
Allianz has proposed shutting its Woking and Luton offices, which could lead to 97 people being made redundant.
Axa places 125 jobs at risk following claims restructure
Axa has placed 125 roles at risk of redundancy as a result of further restructuring of its claims business.