Sign in Subscribe
Insurance industry

Aviva to Close Hill House Hammond, Laying Off Over 1,200 Employees

Strategic Insights

— 1 min read

Aviva, a leading U.K.-based insurer, has announced plans to close its national broker subsidiary, Hill House Hammond, and transfer its business to Norwich Union Direct. The move, expected to be completed by the end of 2004, will result in approximately 1,200 layoffs and the transfer of around 400 other employees. The closure of Hill House Hammond, which specializes in automobile, travel, and homeowners insurance, will lead to significant changes in the U.K. insurance market.

Key Takeaways:

  • Aviva will close Hill House Hammond, its national broker subsidiary, and transfer its business to Norwich Union Direct.
  • The closure will result in approximately 1,200 layoffs and the transfer of around 400 other employees.
  • The business will be moved to Norwich Union Direct, which will add over 450 jobs within its U.K. call center network in Norwich, Sheffield, Liverpool, Perth, and Bishopbriggs.
  • Aviva is in advanced discussions with a potential buyer for Hill House Hammond's commercial insurance operation.
  • The closure follows a strategic review of Aviva's operations, with the aim of adapting to a competitive market where customers increasingly shop around for the best deals.

Statistics:

  • Approximately 1,200 layoffs will result from the closure of Hill House Hammond.
  • Around 400 employees will be transferred from Hill House Hammond to Norwich Union Direct.
  • Aviva's Norwich Union Direct will add over 450 jobs within its U.K. call center network.
  • Hill House Hammond has more than 240 branches around the United Kingdom.
  • Aviva operates in the United Kingdom as Norwich Union Insurance.

Sources:

  • "Aviva to Close Hill House Hammond, Laying Off Over 1,200 Employees," A. M. Best via COMTEX, February 5, 2004. - (http://www.comtexnews.com)
  • Copyright (C) 2004 by A. M. Best Company, Inc. News Provided by COMTEX (http://www.comtexnews.com)

Read more