Pen confirms redundancy threat at Chelmsford

Pen Underwriting plans to relocate some of its schemes business resulting in risk to 12 jobs.

Pen Underwriting has confirmed that 12 people are at risk of losing their jobs at its Chelmsford office, Insurance Age can reveal.

A spokesperson explained that the staff were currently taking part in a consultation regarding the job losses.

The affected employees are part of the specific schemes department and Pen has proposed to relocate its scheme business to other branches.

Changes
The spokesperson stated: “At Pen Underwriting, we are committed to delivering profitable, sustainable