Prudential is to consider cutting as many as 3,000 jobs in a bid to lift ailing profits in the UK, according to sources.
Speculation arose after the insurer posted its full year results and dramatically upped its UK cost-cutting target to £195m from £115m previously.
News agency Bloomberg reported the company may cut 2,000 jobs in the UK and a further 1,000 in India. It cited slowing sales and a 5.1% fall in second-half profit. Full year profit rose, however, by 15%.
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.
