Keep up to date with the latest insurance news in our weekly round-up…

Insurance Giant Aviva to cut 1,800 jobs

Around 1.800 jobs are being axed at Aviva over the next three years as part of an overhaul to save £300 million a year.

Worries raised about broker knowledge of construction

Research from HSB Engineering Insurance shows majority of brokers are in the dark when it comes to developments in technology in the construction sector.

Re/insurers face multi-billion dollar loses from prolonged US storms: Aon

Re/insured losses are expected to climb into the multi-billion dollar range as severe weather and storm activity in the US remained high for a second consecutive month in May.

Another major insurer announces job cuts – this time it’s Allianz

In an announcement by Allianz Insurance, it outlined proposed changes to its claims operation as part of the development of two claims handling centres of excellence in Birmingham and Milton Keynes.

Swiss Re takes step towards listing shares in UK life insurance unit

Swiss Re has taken the first steps towards floating its UK life insurance business, ReAssure, in London.