Swiss Life plans job cuts and buyback

Swiss Life plans to cut up to 600 jobs by late 2028 and launch a new share buyback. The insurer reported a 3 percent rise in half-year gross written premiums.

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FILE PHOTO: The logo of insurer Swiss Life is seen on the roof of its headquarters in Zurich, Switzerland February 26, 2019. REUTERS/Arnd WIegmann/File Photo

SWISS LIFE HOLDING AG-REG will cut up to 600 jobs by the end of 2028 and launch a 250 million franc buyback. The restructuring aims to lift efficiency following a 3% rise in half-year gross written premiums. Domestic growth drove the revenue gain, offsetting slower international expansion.

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