In a move to scale down its presence in the City, Groupama Insurances is to move its London head office from Minories to America Square on 16 November.
Specialist teams from Claims, Legal and Compliance, Marketing, Risk Management, Internal Audit and Accounts have relocated to Groupama centres in Croydon and Portsmouth.
In addition, some roles are now operating from home and are working more flexibly on a mobile basis. The insurer intends increasing utilisation of its regional centres and to maximise flexible working.
Paul Picknett, corporate services director at Groupama, said: "It became clear that with our well-established regional centres and the increasing use of mobile and video technology, we simply no longer need to have such a sizeable presence in London.
"The decision to move around 25 jobs outside of London will really help towards preserving our competitiveness in a way that is relatively easy to achieve and that will have no effect on the efficiency of our processes."
