The provider has blamed the impact of Covid-19 for the job cuts which follow reports of staff being forced to take pay cuts.
Personal lines broking group Complete Cover has bolstered its management team with a quartet new hires including former Markerstudy and Brightside boss Russell Bence.
Insurance Covid-Cast episode 13: Litigation under lockdown - how are lawyers and insurers managing legal disputes and hearings during the Coronavirus?
In the latest episode of Insurance Post and Insurance Age’s new video series brought to you while our journalists are working from home, we gathered together a group of lawyers and claims experts to discuss how they are managing dispute resolution and…
The former A&A broker boss, who set up Insenture Underwriting last year, discusses his new venture alongside his son Lloyd Allen.
Group commercial director Gary Humphreys says MGA is in talks with two potential providers after it was asked by backer QIC to find alternative capacity for its commercial SME book.
Readers were most interested by the decision of MS Amlin to exit nine lines of business following a strategy review.
Siân Barton and Ida Axling discuss this week's most popular news stories, including a restructure at MS Amlin and redundancies at RSA.
The organisation was due to pay back a £240m+ loan at the start of December but has reached an agreement to restructure it.
Company must pay more than £108.6m to Qatar Re on 1 December and owes more than £240m in total.
Move follows Bence's exit from Brightside in August.
Insurance Age gauged the mood of the broker market and found strong support for Markerstudy's future prospects.
The directors say it is “business as usual” and payments to Qatar Re have been factored into its strategy ahead of having to pay back a £217.3m loan as it also awaits approval for Co-op deal.
Here are the latest people moves in the market.
InsurTech Futures: The car insurance app aims to reduce costs for young drivers.
Derek Henry, formerly of Ardonagh Group, will join the broker in September.
Telematics broker to be part of Markerstudy's retail and affinity division.
Brokers and insurers may not always see eye-to-eye. Our expert panel discuss how to improve those ties.
Panellists at the MGAA Conference note there is not enough data when it comes to insuring start-ups, and urge MGAs to embrace rate hardening.
Commissioning editor Laurence Eastham reflects on his first month in the insurance industry.
Platform goes live with eleven insurers and will hold industry data on suspected fraudsters and professional enablers.
Stay up to date with the latest people moves.
The former Brightside CEO has been appointed as an NED alongside Sir Mark Boleat as chairman.
FSCS "hopeful" 30 April deadline could lead to a deal being agreed as CRL continues to look for replacement cover following unrated insurer Alpha's bankruptcy last year.
Former Markerstudy group commercial director joins the premium finance firm's advisory board.