Zurich Insurance Group AG plans to cut 440 jobs at its U.K. general-insurance unit as part of a cost-cutting program.
Zurich is also seeking to simplify its organizational structure, the company said in a statement to Bloomberg News on Monday. Switzerland's largest insurer said in May it wants to cut $1 billion of costs by the end of 2018.
Separately, Zurich last week announced 200 job cuts at the general-insurance business as the unit posted a third-quarter loss after increasing the amount of money set aside for liabilities. The unit's performance prompted Zurich to abandon a proposed 5.6 billion-pound ($8.5 billion) takeover offer for RSA Insurance Group Plc.
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