job cuts News
Aspen Launches $160M Cost-Saving Program After Money-Losing Q3; Job Cuts Likely
Aspen Insurance Holdings Ltd. said it will launch a program to boost operating efficiencies and save $160 million over three years. An unknown number of job cuts are also likely. Aspen spokesperson ...
AXA Restructuring: Execs May Slash 600 Insurance Jobs in Belgium
Axa SA is considering cutting 650 jobs in Belgium over the next two years, as Europe's second-largest insurer overhauls its range of products sold in the country. Axa Belgium has presented the plan ...
CNA Plans to Eliminate Central Zone Network; Job Cuts Unclear
CNA plans to eliminate its Central zone branch network as a standalone zone and realign it into the property/casualty insurer's other remaining U.S. market territories. The Chicago-based insurer ...
AIG Reportedly Will Eliminate 125 UK Jobs, Following NYC Cuts
American International Group Inc., the insurer under pressure from activist investors, may eliminate about 125 positions in the U.K. as it scales back in certain countries and moves jobs to ...
Zurich’s General Insurance Revamp May Affect 8,000 Positions
Last December, Zurich Insurance Group AG announced expanded plans to cut relocate or change at least 1,800 jobs in a bid to save money and revamp its struggling general insurance unit. Now, the ...
Zurich Insurance Hikes Job Eliminations and Relocations to at Least 1,800 Slots
Zurich Insurance Group AG, Switzerland's biggest insurer, is increasing job cuts and relocations to a total of at least 1,800 at the company reduces costs and overhauls its biggest unit. The company ...
Zurich to Slash 440 Jobs at U.K. General Insurance Unit
Zurich Insurance Group AG plans to cut 440 jobs at its U.K. general-insurance unit as part of a cost- cutting program. Zurich is also seeking to simplify its organizational structure, the company ...
AIG CEO Reportedly Warns Staff Lifetime Employment Is Not Guaranteed
American International Group Inc. Chief Executive Officer Peter Hancock, who is shrinking the company while fighting off an activist investor, told staff that they can't all count on lifetime ...