Zurich to Cut 240 Jobs in UK; Merges Life and General Insurance Businesses; Announces Executive Appointments
However, Zurich is now merging its life and general insurance businesses, and considers that some of the roles can be merged. A new leadership team will take control of the combined life and general insurance business. The life business will be split into two units: life distribution and life manufacturing, and will continue to be led by Anne Towry.
Head of life distribution will be David White, who will look after the firm's retail platform, corporate savings and corporate risk work. Jim Sykes will be head of life manufacturing, with a remit including product management, underwriting policy and post-sales customer service.