Redundancies
Redundancies contribute to £4.9m savings for Towergate
Towergate has saved £4.9m partly due to redundancies following the closure of its Milton Keynes retail business.
Zurich to shed 20% of executive-level jobs
Zurich will cut 20% of 1900 executive jobs across the group as part of a wider restructure.
No further job losses planned, JLT promises staff
JLT will not be making further job cuts as a result of its restructure, deputy group CEO Mark Drummond Brady has told Post.
JLT announces 300 job cuts as part of restructuring programme
JLT today announced it has taken “decisive action” to better align costs, cutting more than 300 UK and Irish jobs within its UK Employee Benefits business as part of its restructuring programme announced in March.
Union 'strongly oppose' proposed changes to RSA redundancy pay
Union bosses have hit out against proposed changes to redundancy terms for long-term staff at RSA.
RSA looks to cut redundancy payouts amid restructuring
Long-term staff at RSA have been informed they could lose up to 50% of their redundancy pay under proposed changes to contracts.
Bristol contact centre to be hit by majority of Allianz job cuts
The majority of the 170 Allianz roles put at risk due to its proposal to exit direct home and motor insurance are Bristol contact centre jobs, Allianz UK CEO Jon Dye said, with the potential withdrawal impacting 187,000 policies.
170 roles at risk at Allianz as direct motor and home exit proposed
Allianz UK could withdraw from the direct home and motor markets and has entered union discussions due to approximately 170 roles that would be impacted by the move.
Brokers stoic as RSA shrinks regional presence vowing to work with 'new structure'
Brokers resigned to changes at insurer RSA, which last week revealed further cost-cutting plans at several regional sites, amid predictions poor 2015 general insurance results will lead to regional cuts elsewhere in the market.
Swinton to close 130 branches by mid-2017
High-street broker Swinton is to reduce its branches from 325 to 195 by mid-2017.
Four more regional sites to be ‘optimised' in RSA cost-saving drive
RSA's offices in Liverpool, Halifax, Horsham and Chelmsford will be impacted by the insurer's plans to reduce its regional footprint.
RSA’s Bristol office to close with jobs at risk
RSA will close its Bristol office, with up to 15 jobs put at risk of redundancy as the insurer moves to a commercial trading site.
Union planning to intervene in RSA's Birmingham closure
Unite Union is planning to enter into discussions with RSA over its decision to close its Birmingham office putting 190 staff at risk of redundancy.
Staff put on notice as RSA closes Birmingham site
RSA has confirmed it is closing its current Birmingham office with approximately 190 staff put at risk of redundancy.
‘High-cost' and unadaptable L&G site to close in 2018
Legal & General has announced it intends to close its Kingswood office in 2018 due to it being the least responsive site to current "changing business demands".
NIG puts 71 roles at risk in offshoring move
Commercial insurer NIG is shrinking staff numbers at its Bristol and Manchester underwriting centres as part of an offshoring move, Post can reveal.
AIG strategy failing to win support among majority of investors
Only a small minority of shareholders back AIG’s present strategy amid pressure from activists such as Carl Icahn for a change to the insurer’s approach, according to a poll by investment management firm Bernstein.
Axa moves 35 finance roles to India resulting in 33 UK redundancies
Axa has made 33 staff at its Lytham St Annes office in Lancashire redundant after a decision to move 35 credit control roles to Pune, India.
Editor's Comment: A significant loss for AIG?
The news that AIG’s UK managing director Jacqueline McNamee is among those implicated in the cost-cutting and restructuring initiative for the insurer, which is expected to cost $500m (£326.9m) but also create annualised savings of $400m to $500m, has…
AIG UK boss McNamee to exit amid $500m cost-cutting drive
AIG UK managing director Jaqueline McNamee is to depart the insurer amid a swingeing cost-cutting initiative that could impact up to 400 senior executives globally.
Zurich's commercial broker business admits it was 'difficult to trade with'
Zurich's commercial broker division has admitted it was previously "difficult to trade with" with too many contact points and hand offs around its specialist teams.
NFU set to axe around 85 staff as part of service centre consolidation
Rural insurer NFU Mutual is to consolidate its nine regional service centres into two ‘centres of excellence for general insurance’ at the expense of around 85 roles across the UK.
L&G Kingswood staff vote for strike action over job cuts
Staff at Legal & General's Kingswood site in Surrey have voted in favour of strike action after 1700 jobs were put at risk following the company's decision to vacate the site by 2017.
Blog: GI hopes high on FCA successor as Wheatley is shredded
The soon to be deposed Financial Conduct Authority CEO Martin ‘shoot first ask questions later' Wheatley this week admitted he is "disappointed to be moving on with a sense of unfinished business".