There has been a huge shake-up at Aviva Insurance.
In a statement released minutes ago, the company has announced that it will bring its UK operations together – placing its life insurance, general insurance and health insurance all under the leadership of new CEO of UK insurance Andy Briggs. Briggs will be responsible for all of Aviva’s insurance businesses in the UK.
“Aviva is entering a new phase in its transformation,” commented group CEO Mark Wilson. “We have fixed the balance sheet, focused the business, and turned the operating performance around. The business is developing rapidly.
“We see significant opportunities to differentiate our business in the UK post-Brexit. We like the UK, we are investing in the UK, and we are growing in the UK.
“Our priorities are to continue to deepen our position in our home UK market with our 16 million customers, and to continue to grow in our core international markets to diversify and strengthen Aviva. This puts us in a peer group of one.”
Meanwhile, on a wider scale, Maurice Tulloch will become the company’s new CEO of international insurance and will be responsible for the firm’s insurance operations across Canada, Ireland, Spain, Italy, Turkey, India and Poland.
The changes also mean a significant departure with chairman of Aviva global health insurance and CEO of Aviva Europe David McMillan choosing to leave the firm as a result of the shake-up.
“I would like to thank David for his considerable contribution to Aviva over the last 14 years,” added Wilson. “Most recently he has been instrumental in turning round Aviva’s European operations while accelerating the build of our Global Health Insurance business. We wish him well for the future.”
According to the statement, Aviva has been a process of transformation for the last three years and is now entering what it describes as a “growth phase” of its development. It states that it has fixed its balance sheet and has “one of the strongest financial positions in the sector”.
It adds that Aviva Investors, Aviva Asia and the digital businesses will remain as separate entities. Chris Wei also remains as executive chairman of Aviva Asia and global chairman of Aviva Digital and Euan Munro remains CEO of Aviva Investors.
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