TIDMAV.
RNS Number : 5829U
Aviva PLC
19 January 2017
19 January 2017
Aviva plc - Organisational Changes
Aviva plc ("Aviva") is announcing changes to its organisation to
reflect its strategic focus on customers' needs.
Aviva is bringing its UK insurance businesses together - life
insurance, general insurance and health insurance - under the
leadership of Andy Briggs. Andy will become CEO UK Insurance,
responsible for all Aviva's insurance businesses in the UK.
To simplify and strengthen Aviva's international focus, Maurice
Tulloch will become CEO International Insurance, responsible for
Aviva's insurance operations in France, Canada, Ireland, Spain,
Italy, Poland, Turkey and India.
Both appointments are subject to regulatory approval.
As a result of these structural changes, David McMillan,
Chairman Aviva Global Health Insurance and CEO Aviva Europe, has
chosen to leave Aviva.
Aviva Investors, Aviva Asia and the Digital businesses will
remain as separate entities. Chris Wei remains Executive Chairman
of Aviva Asia and Global Chairman of Aviva Digital and Euan Munro
remains CEO of Aviva Investors.
Over the last three years Aviva has been through a significant
transformation and it is now entering the growth phase of its
development. It has fixed the balance sheet and now has one of the
strongest financial positions in the sector. It has a clear
strategy focused on offering customers a comprehensive range of
insurance products through the convenience of Digital (True
Customer Composite and Digital First). It has narrowed the Group's
geographic focus, successfully integrated the acquisition of
Friends Life, and improved the operating performance of the
businesses.
Mark Wilson, Group Chief Executive Officer, 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.
"I would like to thank David for his considerable contribution
to Aviva over the last 14 years. 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."
Enquiries:
Media
Nigel Prideaux +44 (0)20 7662 0215
Andrew Reid +44 (0)20 7662 3131
Sarah Swailes +44 (0)20 662 6700
Investors
Chris Esson +44 (0) 207 662 8115
NOTES TO EDITORS
Andy Briggs
Andy joined the Board in April 2015 as chief executive officer
of Aviva UK Life, to lead Aviva's enlarged UK Life business
following the acquisition of Friends Life Group Limited where he
was group chief executive. He has over 25 years of operational and
executive experience in the insurance industry across life
assurance and general insurance, both in the UK and overseas.
At Friends Life he led the transformation of the three acquired
businesses, then bringing his strategic and business skills,
experience of organisational change and knowledge of the Friends
Life business to Aviva. He has extensive knowledge of the UK
regulated environment combined with experience in capital and risk
management.
Andy was formerly CEO of Scottish Widows plc (financial
services), CEO of the life business of Lloyds Banking Group plc
(financial services) and CEO of the Prudential Group's Retirement
Income business (insurance).
Andy is a Fellow of the Institute of Actuaries and chairman of
the Board of the Association of British Insurers. He is Government
Business Champion for Older Workers with Business in the Community.
Andy is also chairman of the NSPCC's Fundraising Committee and a
member of the Board of Trustees. He also chaired one of their
larger fundraising sub-committees for ten years.
Maurice Tulloch
Maurice joined Aviva in 1992. Maurice was appointed executive
Chairman, Global General Insurance in June 2016. This is a role he
assumed additional responsibility for in July 2014 during his time
as Chief Executive Officer of Aviva's UK & Ireland General
Insurance business. As Chairman, Global General Insurance,
Maurice's focus is on maximising GI's potential and growth across
the Aviva Group.
Prior to this, Maurice was Chief Executive Officer of Aviva
Canada and was previously Executive Vice-President and Chief
Operating Officer, Aviva Ontario and Specialty Distribution, a
position he took up in January 2009.
Maurice has been an active industry voice both in the UK and
Canadian markets. He currently sits on the Boards of the
Association of British Insurers (ABI), the Flood Re Advisory
Council and Pool Re. Previously Maurice was Chair of the General
Insurance Council (ABI), Chair of the Insurance Institute of
Canada, Property & Casualty Insurance Compensation Corporation
and Deputy Chair of the Insurance Bureau of Canada.
Maurice is a Chartered Professional Management Accountant (CPA),
and holds a Masters in Business Administration (MBA). He is an
active supporter of the United Way and the Juvenile Diabetes
Research Foundation (JDRF) and a member of the UK Catalyst
Programme.
David McMillan
David joined Aviva in 2002 in the UK General Insurance business
holding a number of Executive roles spanning Sales, Claims and
Customer Services. He was appointed CEO of the business in 2010
where he launched the "Quote-me-Happy" digital start up and
spearheaded expansion into Corporate and Speciality Risks
market.
More recently David has led the turnaround of Aviva Europe,
galvanising distribution, exiting underperforming businesses and
driving improved profit mix. Profits in 2015 were EUR1.25bn with
cash remittances of EUR650m.
Prior to joining Aviva, David spent 12 years as director of
management consultancy with PricewaterhouseCoopers. David completed
his undergraduate degree in finance and computer science at
Heriot-Watt University, Edinburgh. He holds an MBA from the
University of Chicago and is an Associate of the Chartered
Institute of Management Accountants.
Aviva's LEI code is YF0Y5B0IB8SM0ZFG9G81
This information is provided by RNS
The company news service from the London Stock Exchange
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