Redundancies
Be Wiser to slash staff numbers amid restructure
All 280 staff are under consultation as the business looks to reorganise following a series of losses and a "tough" pandemic.
Markerstudy's Humphreys opens up on delayed Co-op deal
Group underwriting director Gary Humphreys discusses why the transaction took almost two years to complete, criticism from Unite the union, redundancies and future acquisition plans.
Gallagher shutters Dumfries office with three other locations under threat
Dumfries staff face redundancy as broker discusses future of Ayr, Fort William and Inverness bases as it seeks to move some locations to remote working.
MIB proposes 10% headcount reduction
Organisation says it is set to make 50 redundancies as part of a transformation programme and in response to "significant budget challenges" arising from Covid-19.
Parliamentary call for Co-op to review Markerstudy deal
MP, Tony Lloyd, slams Markerstudy over potential loss of 200 jobs and failure to recognise Unite and calls on Co-op to examine "moral compass" amid sale which is yet to complete.
Biba hit by redundancies
The trade body takes “difficult decision” to make five people redundant due to the impact of the coronavirus pandemic.
Markerstudy confirms up to 200 Co-op redundancies after deal concludes
The insurer said it was planning to retain at least 700 of the 900 staff moving across with the Co-op’s underwriting business following union complaint.
RSA threatens 300 redundancies
The insurer is also seeking to tackle complexity in its portfolio and downsize its office footprint following increased remote working in the wake of Covid-19.
Co-op hits out at Unite over Markerstudy deal claims
Unite said the deal is a “betrayal” of the Co-op philosophy as trade union predicts 200 jobs at risk once deal goes through.
Roles from LV and L&G at risk amid redundancy programme
LV General Insurance has revealed “worst case scenario” of up to 600 job cuts as it restructures and integrates L&G.
LV puts 600 roles at risk of redundancy
The cull follows the acquisition of Legal & General as the personal lines insurer seeks to integrate the businesses and streamline its claims function.
Saga confirms 300 redundancies
The insurance and travel provider said the business had been hit by the Covid-19 pandemic.
Redundancies for Markerstudy after pay cut row
The provider has blamed the impact of Covid-19 for the job cuts which follow reports of staff being forced to take pay cuts.
Freedom Services loses 30 staff amid restructure
However, its MGA Pukka is now live with fresh capacity following Gefion exit.
Aviva UKGI profit falls by 35%
Aviva says UK business was impacted by an alignment of the UK digital business with GI, as CEO Maurice Tulloch says provider has made "good progress" on its cost-cutting plan.
Coverly confirms growth plans amid redundancy threat at parent firm BFS
The SME-focused insurtech was launched by former Aviva and Brokerbility expert, Jodi Cartwright, in 2019.
The Insurance Age Podcast: 28 February 2020
The Insurance Age team chat about the most popular news stories of the week.
Direct Line’s Ipswich office to close amid redundancy plan
The provider confirmed that the Manchester office is also set to be down-sized as the insurer seeks to cut around 800 jobs due to digital drive.
Beazley places UK regional marine book in run-off
Decision could result in a small number of redundancies as the insurer pointed to pressure and low margins in the sector.
Aviva board divided over Tulloch restructure plans, reports state
Tulloch has decided to run the life and GI businesses as distinct divisions within Aviva, rather than separating them in different entities.
2019 in review: December’s top stories
This month brought about the return of Amanda Blanc to insurance as she accepted roles at Aviva, ERS, and Trov.
2019 in review: November's top stories
The closure of 14 branches by Marsh Commercial caught the attention of readers in November, as Insurance Age announced the Top 100 independent brokers for 2019.
2019 in review: September's top stories
The arrival of Autumn brought a turbulent month for the industry, with several big name departures and arrivals.
2019 in review: July's top stories
In July, the market was shocked by the departure of Amanda Blanc from Zurich after only nine months in the CEO EMEA role.