Equity slashes 200 jobs in broker-only switch
Equity Insurance confirmed that 200 jobs will be lost as it pulls back from the personal accident markets in order to refocus on specialist motor classes.
This is around 20% of its current staff of approximately 975.
Ian Parker, Equity Insurance CEO, also confirmed that both the provider’s stake in Arista and the Equity Insurance Partnerships business were under review, as the company moves to a solely intermediated distribution model.
The insurer received board approval last week to go ahead with its transformation plans, which includes moving out of several of its regional offices and consolidating into three locations: Brentwood, Swansea and
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