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Aviva streamlines insurance businesses

By Kirsten Hastings, 19 Jan 17

Insurance giant Aviva has announced a streamlining of its UK operations and is putting one person in charge of its main international businesses.

Insurance giant Aviva has announced a streamlining of its UK operations and is putting one person in charge of its main international businesses.

It has appointed has Maurice Tulloch as chief executive of International Insurance, responsible for France, Canada, Ireland, Spain, Italy, Poland, Turkey and India. While Andy Briggs will head up the combined UK businesses.  

Briggs will become chief executive UK Insurance of the combined life, general and health insurance businesses.

Both appointments are subject to regulatory approval.

Departing

Following the structural changes, David McMillan, chairman Aviva Global Health Insurance and chief executive Aviva Europe, has chosen to leave Aviva after 14 years.

Remaining

The insurer said that Aviva Investors, Aviva Asia and the digital businesses will remain as separate entities. 

Chris Wei also remains executive chairman of Aviva Asia and global chairman of Aviva Digital and Euan Munro is still chief executive of Aviva Investors.

Corporate strategy

In a statement, Aviva said that the company has been through a significant transformation over the past three years and is now entering the growth phase of its development. 

Mark Wilson, group chief executive, said: “Aviva is entering a new phase in its transformation.  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,” he said.

Tags: Aviva

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.