IGB outsources run-off business.
Non-standard motor insurer Insurance GB is making a third of its staff redundant and outsourcing its...
Non-standard motor insurer Insurance GB is making a third of itsstaff redundant and outsourcing its run-off administration. The insurer
was put into run-off in April by its American parent, American Financial
Group.
At the time of going to press, IGB had agreed in principle to outsource
all of its run-off administration to IRISC. Peter Turner, managing
director of IGB, told PB: "We are outsourcing the run-off administration
so that our US parent can cease managing a UK-based company. It means that
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