April 30, 2009

Exhibiting true mastery of the subtle art of paradox NIG says it believes closing almost half its 18 regional offices will provide brokers with “an even better level of on-the-ground contact from company representatives.”

The insurer has said that as part of a restructuring plan, its 18 UK commercial offices will be cut to 10. But MD Nigel Pearce insists, “NIG is a strong business and these proposals should allow it to enjoy significant and profitable growth over the next few years and reinforces our commitment to the broker channel.

“The proposals announced today, would sadly result in some job losses” Pearce accepted, “and this is a regrettable, but necessary, consequence of our plans to reposition the business for future growth.”

NIG currently employs 900 staff. Among the offices slated for the chop are those in Cardiff, Chelmsford, Exeter, Leicester, Liverpool, Newcastle, Reading and Redhill.

One of those due to depart is former NIG managing director Charles Crawford who leaves RBS Insurance in July to join loss adjuster Davies.

NIG has also noted that it plans to launch a number of new offerings over the next 12 months.

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