Quinn to lay off 800, claims report
Grant Thornton, the administrators of Quinn Insurance, plan to make about 800 staff redundant as part of a major downsizing of the insurer, it has been reported.
This equates to one in three staff employed by the company, the Irish Times added.
The redundancies will all be voluntary and will be implemented over a 12- to 15-month period, as elements of the UK
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: http://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Commercial
Allianz sees off theatre group's appeal in BI dispute
The Ambassador Theatre Group has lost its appeal against its insurer Allianz over Covid-related business interruption cover.
Ferma vice-president reports lack of ‘concrete action’ to aid net zero transition
Two years on from the Federation of European Risk Management Associations calling out insurers for not doing enough to support clients transitioning to net zero, the body’s vice president has said there has been a lack of concrete improvement.
Diary of an Insurer: Allianz Trade’s Vikshay Vijai
Vikshay Vijai, fraud insurance manager for UK & Ireland at Allianz Trade, has a busy pipeline, leads a broker workshop and can’t believe we’re mentioning Christmas already.
LMA calls for underwriter training to address ‘silent’ transition
The Lloyd’s Market Association has recommended that underwriters go through transition training to understand client’s transition pathways and avoid “silent” transition risks.
Axa XL extends cyber cover to internal GenAI risks
Axa XL has extended its cyber insurance coverage to emerging generative artificial intelligence risks, but risks associated with popular GenAI chatbots such as ChatGPT and Microsoft Copilot remain out of scope.
Big Interview: Georges de Macedo, Covea
Georges de Macedo, CEO of Covéa Insurance, reveals how he is pushing the UK arm of French mutual insurance giant back to profitability and why the provider won’t work with MGAs again.
Q&A: Belinda Steedman, Aviva
Belinda Steedman, director of multinational at Aviva, shares plans to support more businesses around the world, plus launch a refreshed Captives proposition later this year.
Ecclesiastical’s Coleman on why great insurer service starts with culture
View from the Top: Richard Coleman, managing director of Ecclesiastical UK, explains why insurers should be putting more focus on service as part of their business strategy.