240 jobs lost as Zurich restructures

Life and general insurance arms combined

Hannah Godfrey
240 jobs lost as Zurich restructures

Zurich has announced 240 jobs are to be cut as part of a restructuring that will see the group's life and general insurance arms brought together under a single leadership team.

According to Zurich, the resulting "simpler structure" will work towards future success and help strengthen customer relationships. The job losses are primarily expected to come from back-office and other non-market facing areas, such as finance, operations and marketing, as a result of merging departments. Zurich CEO Tulsi Naidu (pictured), who assumed that role last November having joined the group as head of business development for EMEA two months earlier, said: "This integration does mean...

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