Insurance giant Aviva has announced a management shake-up as part of its plans to streamline the business and remove some of its regional managers.

Insurance giant Aviva is to halve its workforce in Ireland over the next two-and-a-half years, it has been confirmed.

Insurer Aviva today announced the sale of its RAC Auto Windscreens business under plans to focus on its core operations.

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.