Offshoring
First Central confirms job cut plans
Insurer First Central has confirmed proposed plans to cut staff numbers by around 160, with most taking effect in late January 2026.
Jersey will not implement Solvency II
Jersey’s Financial Service Commission has issued a statement clarifying that it does not intend to implement Solvency II.
Sean Quinn returns with offshore insurance vehicle
Reports in the Irish press claim that Sean Quinn has acquired a Malta-based insurance licence.
RBSI to cut up to 2,000 jobs
Royal Bank of Scotland Insurance (RBSI) has announced it is to enter a staff consultation period which could affect up to 2,000 roles.
Savings from offshoring swallowed by tax hikes
Insurers that made huge savings by offshoring processes to low-cost locations outside the European Union (EU) will see these savings significantly reversed due to changes in the application of VAT
Viewpoint: It's not over yet
Clare Ryder fears the worst is yet to come for insurers and brokers alike, with 2010 likely to see an increasing pressure on rates, cash reserves and staff, compounded by skyrocketing insurance claims
Insurance offshoring has slowed, says CII
The economic climate has slowed the growth of offshoring in the insurance sector according to a new report by the Chartered Insurance Institute (CII)