Five former managers at specialist liability adjuster Garwyn have set up in direct competition to their previous employer.
Phoenix Liability Services opened for business on 1 June, just two months after three branch managers and two assistant managers handed in their resignations.
The loss adjuster start-up, which is focusing on handling personal injury, employment and public liability claims, is being led by Alun Gwatkin, formerly a manager at Garwyn's Mold office.
He is joined by former assistant managers, Paul Titterington and David Sumner.
Clive Davies, ex-manager at Garwyn's Gerrard's Cross office, and former Peterborough manager, Colin Scales, make up the management team.
Phoenix has also appointed former managing director at Garwyn, David Johnson, as chairman. He retired from Garwyn two years ago.
Gwatkin told Insurance Times: "We felt there was a sufficient niche in the market for us to be able to set up on our own.
"We are looking to work in both the London and Lloyd's markets, targeting the more specialist liability players as opposed to the big composites."
The company will have offices in Mold, Bicester and Cambridge.
Gwatkin added: "Our immediate plan is to look to consolidate and in the next 12 months we will look to open offices in Yorkshire and the South West."
' GAB Robins is likely to make nine loss adjusters redundant as it cuts staff numbers in certain areas and locations of its business over the next few months.
Kieran Rigby, chief executive of GAB Robins, said: "We are constantly reviewing and realigning our resource requirements against an evolving market place, where the mix and location of our field work is ever changing.
"Inevitably, and in common with our major competitors, this will occasionally mean redundancies but this decision is never taken lightly when it involves our people."
