Covéa jobs at risk amid £145.5m loss
Covéa has been hit by an ‘unprecedented’ series of events leading to a £145.5m loss in 2022.
The losses, which are a reversal from the £6.1m after-tax profit in 2021, come at a time when Covéa is entering into consultation with a number of staff over their jobs.
A spokesperson confirmed to sister publication Insurance Post that ‘certain areas’ faced restructure to allow a more ‘streamlined and focused’ business. At least three staff have already lost their jobs, according to the report.
Underwriting lossesThe insurer fell deep into underwriting loss territory in 2022. It posted a
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