Reinsurance broker Guy Carpenter confirmed it is cutting staff globally with some reports saying the cuts could be as deep as 15 percent of the work force.

In a statement, Guy Carpenter, a subsidiary of services company New York-based Marsh & McLennan Companies, also the parent of insurance broker Marsh, said, “As part of a strategic initiative to better position Guy Carpenter for the future, the firm is implementing several organizational changes, including staff reductions in certain areas.

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