Covéa Insurance announce multi-million pound investment in new Halifax premises

18th November

Covéa Insurance has announced it has agreed terms with Dean Clough Ltd to carry out a multi-million pound redevelopment of the historic Grade II-listed A & B Mills at Dean Clough, Halifax to provide spacious new offices for its people. Following completion of the restoration works, Covéa Insurance’s employees in the town, currently spread across three buildings, will move to the newly-refurbished single-site location.

This significant investment signals Covéa Insurance’s long term commitment both to the continued growth of its business and to the Halifax area. A & B Mills are the final two of Dean Clough’s ‘Great Mills’ yet to be renovated and mark the last phase of the Dean Clough successful regeneration story. The restoration work will commence towards the end of 2014, finishing in 2016. When complete, the premises will provide 75,000 square feet of newly renovated contemporary offices, with a great heritage and the capacity to accommodate up to 825 people.

James Reader, Covéa Insurance CEO, commented:

“Halifax has been an important base for our business for almost 50 years and we’re delighted to have secured the future of these historic mills as a long term solution for our office needs. For some time it’s been our ambition to have a single-site in Halifax to meet both our current and longer-term requirements. We considered a number of potential solutions, but the renovation opportunity at Dean Clough was by far the most attractive and the best fit. We’re all thrilled to have secured this opportunity and are really looking forward to seeing the mills brought back to life and to moving in.”

He added:

“This investment shows the confidence we have in our business and our people, and demonstrates our long-term commitment to investing in our future growth and success.”

 

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About Covéa Insurance

Covea Insurance plc is the UK underwriting business of leading French mutual insurance group Covéa, who are number 1 for property and liability insurance in France and served 11.5 million policyholders, generating over 16.4 billion Euros in premiums in 2016.  

Covéa Insurance handles the insurance needs of 1.5 million policyholders; delivering financial reassurance through its Standard & Poor’s A+ stable rating, as a guaranteed subsidiary of Covéa. 

The company offers motor, household, protection, mid and high net worth insurance and a range of commercial insurance products, designed to meet the needs of most individuals and businesses. Employing over 1500 people, Covéa Insurance has a strong people and service ethos, having Investors In People Gold accreditation and featuring in the 2015 and 2016 Sunday Times Top 100 Mid-sized Best Companies to Work For. It also has World Class service accreditation from the Institute of Customer Service for its Motor Claims, Home Claims and Underwriting Services teams as well as Chartered Insurer status for its Commercial and Mid/High Net Worth business.

In January 2016, Sterling Insurance Company Limited became a fully integrated part of Covea Insurance Plc, following a Part VII transfer under the Financial Services and Markets Act. 

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