Insolvent insurer Independent Insurance has offered its staff £1,000 to stay with the company until all outstanding business is completed.
The liquidator Pricewaterhousecoopers (PWC) confirmed the bonus would be paid to loyal staff. About 500 staff are being retained to deal with the company's run-off business.
“This bonus is a recognition of loyalty among our high-quality staff. We want to retain as many remaining employees to oversee the run-off business,” said a PWC spokeswoman.
Last week PWC confirmed that it was taking on staff to deal with claims and other run-off matters. It is understood that the liquidator is finding it difficult to retain staff for the run-off business as it is seen as a short-term deal.
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.
