Aug 2006 Financial News

GHL's UK Operations Undergo Consolidation and Rationalization

Aug 10, 2006

As reported by the Insurance Brokers Monthly & Insurance Advisor on August 4th 2006, Link and Zenith, Guardian Holdings UK Operations, plans to rationalize with possible job losses and a complete product review. This follows the recent acquisition of Rubicon Insurance Solution’s Maidstone operations from the Administrator. (Rubicon’s Maidstone Operations was acquired by Guardian Holdings in May 2006 after the Company went into Administration in February 2006.)

Acting Chief Executive Officer of Link and Zenith, Mr. Steve Tidd, said that the reorganization will create a leaner service company, which will provide competitive advantage and better position the business to ride out the ups and downs of the UK insurance cycle. He also added that the rationalization is good news for brokers and helps to reduce costs while improving overall service to customers.

Currently, Link and Zenith operate 21 different products with many targeted at similar markets. The intention is to reduce and refine the current range while maintaining strong underwriting principles.


Gia Singh
WISE Research Team

Source: Factiva (Insurance Brokers Monthly & Insurance Advisor; Insurance Times)