Bolton-headquartered insurance firm Keoghs has put 41 staff at risk of redundancy following a restructuring of its counter-fraud team.
The firm’s Coventry office is expected to be hit hardest by the potential job losses, which are faced by both support and fee-earning staff in the counter-fraud department.
The firm would not confirm how much longer the consultation has to run but said: “we are of course meeting all of the statutory employment law requirements”.
The statutory consultation period for between 20 to 99 redundancies within a 90-day period is 30 days before any dismissals take effect. However it is unclear exactly how many jobs Keoghs is looking to cut.
In a statement the firm attributed the decision to consolidate its low-value fraud work in the north-west to the Jackson reforms, which came into force in April 2013.
A spokesperson said: “The post-reforms market environment has yet to stabilise, but it is clear that insurers’ ongoing counter-fraud requirements are going to be significantly different to what they were 12 to 18 months ago. It is regrettable that we have to lose colleagues from our business.”
The statement went on to say that following the restructure the firm would still have around 248 people in its counter-fraud services division.
The firm also claims to be recruiting 51 roles across its business, there are currently eight vacancies advertised on the firm’s website. A spokesperson said that those are the latest to be added and that “others from previous months which have yet to reach their deadlines”.