Internal restructuring
United Kingdom
Location of affected unit(s)
Ipswich and other locations
Financial Services
Financial And Insurance Activities
Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security
65.12 - Non-life insurance

600 jobs
Number of planned job losses
Job loss
Announcement Date
29 July 2020
Employment effect (start)
Foreseen end date
31 March 2023


Liverpool Victoria General Insurance Group (LV=GI), the UK-based insurance firm has announced restructuring plans which will lead to approximately 600 jobs being cut over the next two and a half years. The restructure follows a major acquisition and aims to fully integrate the acquired business into the company. The details of the restructure are not yet known, however, it has been announced that the office space will be reduced in Ipswich, England, where insurance claims are processed.

The company’s chief executive said in a statement that the changes were necessary to for the business to ‘thrive’ and added that he hoped to ‘minimise redundancies'.

LV= GI is one of the UK’s largest insurers, specialising in car, home, pet, travel and home insurance, with over seven million customers in the UK. The company is part of the Germany-based Allianz Group.



Eurofound (2020), LV=GI, Internal restructuring in United Kingdom, factsheet number 101814, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101814.