Independent Insurance employees who escaped redundancy will be transferred to a solvent company that will be overseen by liquidators Pricewaterhousecoopers (PWC).
Staff, who were told of the plans on Friday after the redundancies were announced, will handle the company's run-off.
A PWC spokeswoman said the remaining employees would retain all their rights in the new company. She said no more redundancies were planned.
It has been speculated that the company will be called Independent Insurance Run-off.
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.
