Broking Break: Your top five of the week
Job losses at Lloyd’s, an acquisition, Apple’s cyber insurance plans, company results and rebrand head this week’s list of stories.
5) Lloyd’s to reduce UK headcount by 10% in Q4
Lloyd’s is to cut its headcount by 10% following proposals for its new organisational structure, chief executive Inga Beale said.
In a half-yearly email to employees and the London Market Beale highlighted the need for reducing costs and improving efficiency, as well as “driving forward the modernisation agenda”.
One agenda item is Lloyd’s plan of different ways of working, which would require “different
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