The world’s second largest insurance broker reported on Wednesday that it will eliminate some 750 jobs at its British operations as part of a company-wide cost-cutting effort, according to Reuters.
Aon Corp. reported that its specialty unit, which places risks into the London insurance market and also includes Aon’s marine, energy and aviation broker teams, and its Risk Services unit, which handles insurance for corporate clients, would be most impacted by the decision.
According to the company, jobs will also be eliminated at the British business’s marketing, human resources and finance departments.
Was this article valuable?
Here are more articles you may enjoy.
PG&E to Defer $2 Billion of Work After California Shelved Fire Bill 
Florida Judge Cans Investment Funds’ Lawsuit vs. Lighthouse Insurance Exec 
State Farm Sued by LA County for Delays, Denials to Fire Victims 
Guy Carpenter Rebranded as Marsh Re 
