job cuts Archives - Page 2 of 2 - Carrier Management

AIG Loses $231M in Q3; Up to 400 Senior-Level Jobs on Chopping Block

American International Group Inc., the insurer facing pressure from activist shareholder Carl Icahn for a breakup, posted a third-quarter loss as investment results deteriorated. The company plans to ...

AXIS CEO: Layoffs, Australia Retail Change Part of Ongoing Revamp

AXIS Capital Holdings is cutting 100 jobs and winding down its retail insurance business in Australia, two months after cancellation of its planned merger with PartnerRe. The Bermuda-based specialty ...

Zurich Insurance to Cut 800 Jobs by 2016

Zurich Insurance Group AG, the biggest Swiss insurer, plans to save $250 million annually by cutting as many as 800 jobs after lowering its profit goal in December, the company said. Zurich plans to ...

Chastened Banks Cuts Tens Of Thousands Of Jobs

Banks aren't the big jobs machines they used to be. One after another, major financial firms are trimming their payrolls. In first-quarter earnings announcements this month, Bank of America, ...

PartnerRe Announces More Internal Restructuring; 140 Positions Cut

On Wednesday, PartnerRe Ltd. announced the restructuring of its business support operations into a single integrated worldwide support platform. The reinsurer said the new organizational structure ...