The final obstacle to Solvency II implementation looks to have been passed after the European Parliament adopted the Omnibus II Directive today.
Zurich is looking to cut 800 jobs across its global operations as the insurer looks to reduce costs and save $250m annually.
The European guard is changing, and by the end of the year the UK insurance industry could find the European Parliament and Commission rather harder places to press its case than previously.
Aviva delivered a post-tax profit of £2.15bn for 2013, reversing the loss of £2.93bn recorded in 2012.
Contract law is only one obstacle to cross-border insurance within the EU, among many more important ones, according Insurance Europe.