Danny Walkinshaw looks at the latest insurance stories online
Online traffic spiked following news that Groupama was cutting back its presence in London. The insurer announced plans to relocate its City-based office, with around 25 jobs moving to other offices in Croydon and Portsmouth.
No doubt there will have been a number of interested spectators in the London market, as well as in the regions. The story became the most popular with visitors to the site over the past week.
It was closely followed by events at Paymentshield, the mortgage payment protection insurer acquired by Towergate in 2006. Insurancetimes.co.uk broke the news to the insurance market that the company was set to axe about 20% of its workforce. It follows the arrival of new chief executive Tim Johnson, who took over in June after switching from CCV.
More job cuts at Lloyds Banking Group, including 240 roles within its general insurance division, also caused a stir across the web last week.
RBS Insurance could not escape the headlines, and the company’s third-quarter results were reported widely on online news sites. They were also popular with visitors to insurancetimes.co.uk, as was a story about RSA ruling itself out of making a bid for the insurance business.
Markel’s appointment of senior underwriter Emma Brown also had online visitors clicking, as did news that AIG’s recently installed chief executive Robert Benmosche had told the insurer he was ready to step down. As you can imagine, websites – particularly in the USA – went crazy for this.
Catch all the latest news on insurancetimes.co.uk by following us on Twitter (twitter.com/InsTimesNews).
Online top five
Groupama relocates London staff
Insurer scales down City presence
Paymentshield to cut 20% of staff
Towergate-owned firm hit by mortgage downturn
RBSI hit by bodily injuries
Claims costs soar; RBSI promises action has been taken
Benmosche wants to quit AIG
Chief executive for three months and fed up with government oversight
Markel hires senior underwriter
Emma Brown joins from Allied World to boost non-marine property division