Redundancies
Are brokers bucking the trend of insurtech investment struggles?
According to a new Gallagher Re report, global insurtech investment fell in the fourth quarter of 2022 to its lowest level since the third quarter of 2020. Sophie Locke-Cooper details why some may be struggling even if there are signs of hope among broker insurtechs.
Ex-SSP leader Peter Gregory joins Earnix
Former director of broking at SSP, Peter Gregory, has joined Earnix as sales director.
BGL Insurance prioritises talent and digital following Markerstudy deal
Managing director of distribution at BGL Insurance, Laura Mullaney highlights the brokers’ main focuses after its takeover by Markerstudy.
Complete Cover report details outsourcing to South Africa and job cuts
Complete Cover Group introduced a restructuring programme in the fourth quarter of 2021 to significantly reduce the UK workforce with much of the customer facing activities outsourced to South Africa, a Companies House filing has revealed.
Zego doubling down on growth with 40 brokers
Zego is pursuing a route of working with brokers who “see how the future is evolving” rather than a working “with any broker” approach, CEO Sten Saar told Insurance Age.
Zego confirms redundancies
Insurtech motor specialist Zego has told staff that it will be cutting its headcount by 17%.
Complete Cover Group confirms potential job losses
Motor broker says it is reviewing its approach "in line with wider market changes".
Endsleigh confirms redundancy consultation
The broker has opened a 30-day consultation as it prepares to transfer some of its business to owner A-Plan.
UK boss Middle lifts lid on Ageas's restructure and job cuts
Ageas's Ant Middle and Adam Beckett discuss the provider's strategy change in response to shifts in customer behaviour, and the FCA's dual pricing ban, as the insurer aims to hit £1.5bn in GWP.
Ageas confirms job cuts in Bournemouth
Provider says the decision follows a shift in how customers want to interact with the business and that no broker-facing roles are affected.
SSP staff slashed by half following Volaris deal
214 people are up for redundancy as market says Colin Greenhill joins as CEO and Kevin Wells becomes chief technology officer.
Aviva confirms potential redundancies amid IT overhaul
Up to 115 staff across a number of sites will be affected as the insurer looks to automate and outsource.
SSP confirms job cuts as CEO Stephen Lathrope exits
CTO Kevin Gaut and COO Jim Sadler have also left the software provider, following the recent sale of SSP to Volaris Group.
BGL Group confirms redundancy consultation
It is believed 134 jobs are at risk at its Peterborough headquarters with a further 116 under consultation at other locations.
LV confirms 300 redundancies following L&G takeover
CEO Steve Treloar explains the consultation process is now complete after the provider last year put up to 600 roles from across LV and L&G at risk as part of a restructure.
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.