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70 Allianz jobs in Belfast at risk because of Brexit insurer rules change

Allianz says change in regulations means policy-holders will have new provider

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A spokesman for Allianz would not confirm that the jobs would be lost though it's understood that staff were told the news of a wind-down resulting in job losses on Thursday

A spokesman for Allianz would not confirm that the jobs would be lost though it's understood that staff were told the news of a wind-down resulting in job losses on Thursday

AP/Press Association Images

A spokesman for Allianz would not confirm that the jobs would be lost though it's understood that staff were told the news of a wind-down resulting in job losses on Thursday

Up to 70 jobs at the Belfast office of insurer Allianz are at risk as the site faces a wind-down after changes to insurance regulations post-Brexit, Business Telegraph can reveal.

The company confirmed that Allianz personal insurance customers in NI will now be offered cover under its sister UK brand LV= General Insurance.

The provision of insurance by German-owned Allianz to customers here has been made more complicated as a result of Brexit and the fact that the Trade and Cooperation Agreement agreed between the UK and EU does not cover services.


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