The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security 65 - Insurance, reinsurance and pension funding, except compulsory social security
100 jobs Number of planned job creations
Announcement Date
25 February 2011
Employment effect (start)
25 February 2011
Foreseen end date
25 February 2014
Description
Online insurance provider Chill.ie has announced the creation of 100 new jobs over the next three years at its south Dublin base. The new jobs will be created as the company plans to grow online sales of a range of insurance products. Chill Insurance was launched as the internet arm of insurance broker Power Lynch and Associates, a 40-year-old business.
Chill.ie expects the volume of internet business to double over the next year alone as customers shop online for cheaper insurance deals. In view of this, the company says it will hire 100 staff over the next three years. Recruitment will begin immediately for a mixture of insurance, technology and back office roles to respond to an increased volume of business and higher traffic through the company's website and its Dublin call centre. The company currently employs 60 staff, but this is expected to grow to 160 by 2014.
Sources
25 February 2011: RTE
Citation
Eurofound (2011), Chill.ie, Business expansion in Ireland, factsheet number 71703, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71703.
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