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 ...
To continue reading this article...
Join Cover
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around Covid-19, regulation, diversity and mental health.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.
