To manage its cost structure and capture efficiencies in targeted areas, Zurich North America Commercial has announced that it will reduce approximately 400 positions, primarily in non-market-facing roles.
The actions are part of a broader program designed to enable continued profitable growth while also improving the company’s expense structure over time.
Zurich North America Commercial (NAC) believes that this will position it to continue delivering the strong results it has achieved during the past several years.
Mike Foley, CEO of NAC, said: We are focused on delivering an even stronger experience to our customers and distributors, while maintaining our underwriting discipline and reducing expenses in targeted areas. We will continue to invest in underwriting and claims capabilities, as well as enhanced systems and tools.