Tysers, the London-based insurance broker under AUB Group, has confirmed the resignation of several members from its property and casualty division across its London and Dubai offices.
In a statement, the company said that the departures would not affect its operations or growth plans in international markets.
In response to the resignations, Tysers said it would leverage its resources to maintain service continuity for clients.
The departing employees are bound by notice periods of up to 12 months and contractual employment restrictions. Tysers indicated that it expects these employees to complete their notice periods and intends to enforce post-employment restrictions.
Despite the departures, the company reiterated its commitment to expanding its Property & Casualty, Construction, and Engineering services, particularly in the Middle East, Africa, and Asia.
Tysers asserted that these changes would not disrupt its overseas operations or strategic growth initiatives.
Tom Wilson, CEO of Tysers, said the company remains focused on delivering client service and solutions.
“Our clients are our priority, and despite this minor development, we will continue to provide them with the comprehensive and superior solutions that Tysers is renowned for," he said.
Tysers added that clients would continue to receive the same level of service from the firm's experienced and skilled teams.
Since its acquisition by Australia's AUB Group in 2022, Tysers has added approximately 1,000 employees to AUB's global workforce of around 5,500 people.
However, the acquisition faced scrutiny due to a US Department of Justice investigation into alleged bribery, corruption, and potential money laundering by Integro Insurance Brokers - a company within the Tysers group - in Ecuador between 2013 and 2017. To resolve the probe, Tysers agreed to pay US$46.59 million.
The acquisition also led to the resignation of former Tysers chief executive Clive Buesnel in 2023, following the completion of key tasks under the first phase of the company's new ownership.
Last month, the Insurance Insider reported that several members of Tysers' international property Direct and Facultative (D&F) team had resigned, including James Cooke, the director of international property, energy, and casualty.
The company has a long history in the insurance industry, having started in 1820 in the city of London. Originally focused on marine trade and working with governments on state-owned insurance programmes, Tysers evolved from a family-run business into a private partnership before incorporating as a limited company in 2001.
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