Zurich Financial Services is to cut 500 jobs from its UK life arm as part of a restructuring plan aim...
Zurich Financial Services is to cut 500 jobs from its UK life arm as part of a restructuring plan aimed at achieving annualised savings of £65 million a year, says the Times. The move follows a six-month business review headed by Ray Greenshields, chief executive of UK and international life businesses, and is aimed at boosting competitiveness. Prudential, the UK insurance company, has formally abandoned plans to seek an injunction against American International Group as part of its US lawsuit accusing AIG of illegally interfering in its merger with American General, adds the Times. ...
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