Restructure will not affect other insurance jobs
A restructure of troubled outsourcing firm Xchanging’s UK insurance operations has led to the departure of the head of its broking arm, insurancetimes.co.uk revealed this week.
Artur Niemczewski, managing director of Xchanging Broking Services (XBS), spent just eight months in the role. The former Marsh UK multinational chief executive and Willis international chief operating officer joined with big ambitions to grow the business.
Niemczewski said he was leaving on good terms with Xchanging, and that he planned to stay in the insurance sector. He said it was too early to say where he would land next.
Xchanging is rolling its three insurance businesses – XBS, Xchanging Ins-sure Services and Xchanging Claims Services – into one company called Xchanging Insurance Sector. The new business will be led by managing director Max Pell.
The firm said the restructure would not affect jobs in its insurance business. It said in a statement: “Combining the UK insurance businesses into a single entity will drive synergies and efficiencies from shared functions, while ensuring potential conflicts are appropriately managed.” It said the combined business would improve customer service.
The move follows a group-wide review, announced in March. In February, Xchanging was forced to release a profit warning, which saw its share price tumble.
Chief executive David Andrews resigned amid a £100m writedown in connection with its Cambridge Solutions business, bought in 2008 for £145m.