Genworth Cuts 400 Jobs as CEO McInerney Pressured by Rates – SFGate.
Layoffs
MetLife Cuts 2,500 Advisers – Businessweek
MetLife has about 5,000 advisers who sell insurance and investment products, down from 7,500 in February of 2012, Eric Steigerwalt, head of MetLife’s U.S. retail business, said at a May 21 investor day presentation. The New York-based firm lowered the number of agencies to about 60, from 85, he said.
“We’re not financing advisers who, frankly, were never going to make it in this business,” Steigerwalt said. “Our productivity is way up and we’re saving a lot of money.”
via MetLife Cuts 2,500 Advisers Seen Lacking Chance of Success – Businessweek.
Insurer Aviva to cut 2,000 Jobs
Aviva cut 2,500 jobs globally last year and has made annualized cost savings of 275 million pounds through its efforts so far.
via Insurer Aviva to cut 2,000 jobs and redundancy payouts – chicagotribune.com.
The ax is falling in the UK.
Manulife Layoffs 03.27.13
The company didn’t say how many people are being laid off, but Graeme Harris, vice-president of communications and media relations at Manulife, said less than one per cent of the company’s global workforce will be affected.
The company had 27,500 employees around the world as of the end of last year, including 8,400 in Canada. About 3,800 are located in Waterloo Region, where Manulife’s Canadian operations are headquartered.
via Manulife’s ‘global review’ of operations leads to layoffs | guelphmercury.
Layoffs Likely at Aviva | The Des Moines Register | desmoinesregister.com
ING Announces Layoffs Of Thousands
ING Layoffs In Connecticut Are Unrelated To Massive Staff Reduction In Europe – Courant.com
Cigna To Lay Off 1,300 Workers
ING To Cut 2,350 Jobs In Europe – Courant.com
ING To Cut 2,350 Jobs In Europe, But None In U.S. – Courant.com.
What’s that old saying about the truth being the exact opposite of what you’re being told?
lifeunderwriter.net 
You must be logged in to post a comment.