–German insurer Allianz is cutting 650 jobs in its U.K. insurance arm, the Financial Times reports, citing unnamed sources.
–The roles affected are in its commercial, speciality and personal insurance business, the FT reports.
–Allianz Insurance employs around 6,000 people in the U.K.
–Allianz confirmed to the FT that there would be a reduction in roles across the U.K. business.
Full story: https://tinyurl.com/yc7xjnsh
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
06-19-25 0529ET
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