Hibernian Group owner Aviva warned of up to 1,800 redundancies today as part of a restructuring of its general insurance arm over the next two years.

The devastating floods that have hit the UK in recent months have prompted some of Britain’s leading insurers to raise the cost of their household premiums by an average of 10%, according to reports.

Britain's biggest insurance firm is to cut 2,350 jobs under plans to “export” work to India, union officials were told today.