CGU and Norwich Union staff received a fillip this week with the news they will receive a 4% bonus if they stay with the merged operation until December 2001.
Under the deal, staff will get 4% of their annual salaries while those who are made redundant will also receive the reward, over and above their redundancy packages.
Details of the bonus were sent out to the two companies' employees in a letter last week.
Combined, the two composites have a global wage bill of £1,520m while in the UK they have workforce of nearly 32,000.
However, neither company would reveal how much has been set aside to pay for the bonuses.
CGU spokesman Ian Frater said the rewards are a recognition of the difficulties and extra workload that lie ahead for staff.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
