The run off of Walton Insurance Ltd, a Bermuda-based carrier formerly owned by Phillips Petroleum, is to be transferred to the UK in a cost-cutting move that will lead to the loss of 11 jobs.Announcing the relocation, president Tim Spafford said that a further six jobs will also be axed with the closing of an affiliated Bermuda company, Insurance and Reinsurance Services Ltd — a company that specialised in claims audit services.
Walton Insurance run-off moved from Bermuda to UK
31 years ago
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Bermuda Insurance United KingdomKeywords
Bermuda Insurance Market Insurance and Reinsurance Services Ltd. Walton Insurance Ltd.