UISL's main base is in Old Hall Street, in Liverpool, where staff manage the closed life insurance books of RSA and Phoenix Group.
Chief executive Suresh Menon sad: "Taking on the UISL book of business is testament to the positive results and impact we have already delivered to our customers.
"We're constantly comparing and contrasting the UISL's ability to run that sort of book outside our operation with our ability to do it inhouse," says Thompson, noting that the administration of the Lloyd's TSB brand has been insourced.
Lloyds TSB established three strategic objectives for the outsourcing deal: one, to meet customer needs and achieve customer satisfaction; two, to meet the unit costs profile required in order not to lose money; and three, to find a partner that would provide a stable and rewarding environment for the 1,000 Abbey Life staff that would be joining UISL.
``The business did not grow as fast as we expected but UISL
still had a large portion of that growth.''
has pledged the Liverpool jobs will stay in the city and is in negotiations to take around 80,000 sq ft of a new office building, currently under construction and a part of the prestigious Beetham Tower development.
The transfer of 1,800 employees from R&SA to Unisys (UISL
) in May represented the biggest-ever outsourcing agreement in the UK life and pensions market.
R&SAis set to transfer 1,700 employees from the company's life insurance division in Liverpool and in Horsham to Unisys Insurance Services (UISL
),a subsidiary ofglobalgroup Unisys.
Another Unisys subsiduary, UISL
, is taking over the Royal & Sun's life operation and the company's transformation director Nigel Raywood told the Daily Post that expansion plans were in the pipeline.