Zurich has finalised “on a group level” the number of staff to be made redundant under a global shake-up new CEO Mario Greco announced in June.

The insurer’s head office in Switzerland declined to provide more details when contacted by insuranceNEWS.com.au.

“On a group level, the reorganisation has been finalised,” a spokesman told insuranceNEWS.com.au.

“As mentioned before, we don’t provide any figures or comment on specific countries.”

The restructure aims to change Zurich into a more customer-oriented insurer, and involves combining the life and non-life businesses under one leadership team.

A number of group-level jobs will be eliminated as a result.

The beleaguered insurer has taken drastic measures to turn around its business, including pulling out of the NSW compulsory third party and strata markets and disposing of underperforming operations in other markets.

Last year Zurich announced a group-wide plan to achieve cost savings of more than $US1 billion ($1.32 billion) by the end of 2018.

The company posted a 53% drop in net profit to $US1.8 billion ($2.38 billion) last year.