Weekend Update: A new regional head, a $100 million profit dip and 8000 jobs axed

Weekend Update: A new regional head, a $100 million profit dip and 8000 jobs axed

Weekend Update: A new regional head, a $100 million profit dip and 8000 jobs axed Making the news this week, a recently merged global giant announced its regional head while an Australian insurer saw its profits dip $100 million and a global player announced plans for 8000 job losses.

Willis Towers Watson, the recently merged industry giant, has announced that Tony Barber will take the reins of the Australasian business.

A Willis veteran, Barber will lead the business as it looks to build on its legacy presence in the region.

Suncorp announced its half yearly results which saw net profit after tax dip by $100 million.

The general insurance arm of the business saw its profit after tax fall from $419 million at half-year 2015 to $297 million as natural disasters hit the business.

Finally, international insurer Zurich announced that it is to speed up its efficiency program which could see 8000 jobs affected by 2018.

The company announced “disappointing” results earlier this week which will see the business set about a range of cost saving measures as operating profits slipped 37%.