Swiss Re Said to Hire Boston Consulting Group to Lower Costs (1)

Swiss Re AG has hired Boston Consulting Group to help the Swiss company reduce costs, according to people familiar with the matter.

The review involves job cuts across divisions including managing directors, the people said, asking not to be identified because the plans haven’t been announced.

The Zurich-based insurer also eliminated a team of more than a dozen employees dubbed foresight and underwriting advisory, the people said. The unit analyzed emerging risks while looking at various data points including global sea levels or supply-chain disruptions.

Swiss Re and BCG declined to comment.

The reinsurer has already been clamping down on ...