Aon Cutting British Jobs

The world’s second largest insurance broker reported on Wednesday that it will eliminate some 750 jobs at its British operations as part of a company-wide cost-cutting effort, according to Reuters.

Aon Corp. reported that its specialty unit, which places risks into the London insurance market and also includes Aon’s marine, energy and aviation broker teams, and its Risk Services unit, which handles insurance for corporate clients, would be most impacted by the decision.

According to the company, jobs will also be eliminated at the British business’s marketing, human resources and finance departments.