Zurich Financial Services Group announced today that it is cutting 400 positions in its North America Commercial unit, calling the move a step to “proactively manage its cost structure.”
“Zurich is positioning itself for continued leadership in the North American marketplace,” the Switzerland-based insurance company said in a press statement.
“It will capture efficiencies in targeted areas while continuing to invest to deliver distinctive customer service and drive profitable growth,” the statement continued, noting that the 400 back office positions account for roughly 4 percent of the staff supporting the North America Commercial division.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
