Insurer Aviva will cut 1,800 jobs globally as its new chief executive seeks to make the group more competitive by restructuring its UK business and reducing costs across the business.

Aviva employs around 30,000 staff in total across its entire operations.

It said it will look to keep redundancies to a minimum as it slashes costs, with some of the role cuts coming from natural staff turnover.

In a statement, Aviva said it had not yet finalised where the reductions will take place.

"Therefore it is too early to comment on the impact on Aviva Ireland," the company added.

Aviva currently employ 1,580 people in Ireland.

Aviva insider Maurice Tulloch took over as CEO in March, amid investor concern that the insurer, which provides pensions as well as car and home insurance, was failing to cross-sell its products successfully. 

The company is also facing increased competition from German insurance giant Allianz, which last week did two deals potentially valued at over £800m to cement its position as Britain's second-biggest general insurer. 

Aviva will cut costs by £300m a year over the next three years, it said in a statement today ahead of its first investor day under Mr Tulloch. 

"We haven't got everything right, in fact I don't even think we are close to reaching our potential," Mr Tulloch told the investor day.

He also said that the firm's existing management structure "has not allowed leaders to be held accountable".

Aviva has split its UK life business away from general insurance, after a review of the combined business following the departure in April of UK head Andy Briggs, a contender for CEO. 

Angela Darlington has been appointed interim CEO of UK life and Colm Holmes CEO of general insurance across the group, including Britain. 

The changes reverse a management structure introduced by former CEO Mark Wilson two years ago. 

The UK digital business, housed in a former garage in the City of London's tech district, will be incorporated into the UK general insurance business, it said. 

Aviva employs 30,000 people and as well as Ireland its international markets include Canada, France and Asia.  

UK union Unite reacted angrily to the global job cuts, saying they had arranged "urgent discussions" with management. 

Aviva said it would focus on cutting central costs, as well as consultants and project expenditure. 

The cost base in 2018 was £4 billion, an Aviva spokeswoman said, making a planned annual cost reduction by 2022 of 7.5%. 

Aviva said today that its trading to date had been in line with 2018, with a stronger performance in Canada, and reiterated its commitment to a progressive dividend policy.