It may have been involved with the rental sector for more than 25 years, but now
Endsleigh is bidding it farewell.
The insurance firm is to quit the sector, and in the process make eight redundancies, according to a report by
Property Industry Eye. The publication speculated that it is unsure as to whether the move is an “unintended consequence” of the impending lettings fees ban – but it noted that several other specialist providers have also been examining their business models.
“Last year we announced the separation of Endsleigh from
Zurich’s personal lines business, and a transformation programme to ensure we’re in the best shape to grow our business and meet the evolving needs of our customers,” a spokesperson from Endsleigh told EYE.
“As part of this process we will be exiting the Endsleigh Let business to focus in core business areas and maximise opportunities for future growth. As a result of this decision we will be making a small number of roles redundant [eight] and we will be working to support those affected. We anticipate that our exiting the market will take several months.”
As an insurer, of course, the firm, which was acquired by Zurich back in 2006, has plenty of other business lines – it offers cover in areas such as business insurance, travel insurance and more.
Related stories:
Endsleigh Insurance Services appoints personal lines head
Endsleigh announces senior hires from L&G, Bluefin
