The job losses will be spread throughout the enterprise, and employees in application development and maintenance, service delivery and enterprise architecture roles will be impacted.
The job cuts are the direct result of a January 2009 merger between Lloyds and Scottish bank HBOS, a provider of bancassurance. Four months ago, Lloyds announced it was cutting 4,500 jobs.
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Allstate Corp. will end its years-long pause on underwriting in California as soon as the state regulator adopts proposed regulatory changes to make it easier for insurers to raise rates, according to a company spokesperson.
The Net Zero Insurance Alliance will instead be replaced by the Forum for Insurance Transition to Net Zero (FIT), convened and led by the United Nations Environment Programme, according to a statement on Thursday.
The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
The specialty insurer is changing up its requirements for some positions, about one-third of jobs don't require a four-year college degree.
