Roles from LV and L&G at risk amid redundancy programme
LV General Insurance has revealed “worst case scenario” of up to 600 job cuts as it restructures and integrates L&G.
Steve Treloar, CEO of LV GI, has confirmed that the 600 roles at risk of redundancy will come from across LV GI and Legal & General.
Treloar told Insurance Age: “It will be a broad brush split between L&G and LV, but we will firm those details up.”
The insurer stated today (28 July) that the move was designed to make the business more efficient with a number of roles in its claims function likely to be hit.
Treloar declined to say how much the “re-shaping” was set to save the provider across
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