ONE of the biggest employers in Tunbridge Wells has pledged its continued support for the town despite changing its name.

The Schemes division of Cornhill Insurance, based in Vale Road, has become Allianz Cornhill Schemes to reflect the insurer's ownership by financial services giant Allianz.

At the same time Cornhill Insurance has changed its name to Allianz Cornhill Insurance. In a change of logo, the familiar Cornhill shield is replaced by the Allianz "three pillar" symbol.

General manager Ian Reed said: "We are fully committed to Tunbridge Wells because of the quality of staff available here.

"Our entrepreneurial culture of innovation and professionalism thrives because of our staff and we do all that we can to help people to develop their full potential.

"In a rapidly changing and highly competitive business environment, this is the key to achieving our objectives."

The Schemes division provides extended warranty, creditor, and all risks insurance products for high street retailers, banks and mobile phone companies, and also specialist musical instrument insurance.

Cornhill Schemes opened for business in Tunbridge Wells in 1991 with 130 staff. The company now employs more than 230. In 2001, premium income

grew by a fifth to more than £100 million. The company says the change of name will not affect its local sponsorship deals.

Allianz Cornhill Schemes will continue to sponsor Tunbridge Wells Football Club and support Sussex Rugby U16 Tour when its tours Canada at Easter.

The Tunbridge Wells Philharmonic Society and the International YoungConcert Artists Competition will also receive a cash boost from Allianz Cornhill Musical Insurance.