Aviva has appointed a veteran as the new chief executive, putting a stop to speculations about who will fill the top role.
Aviva has appointed Maurice Tulloch as its chief executive with effect from Monday. An Aviva veteran who has been running the insurance company’s international business since January 2017, he replaces Mark Wilson, who was ousted in October.
«Maurice Tulloch will be an outstanding chief executive of Aviva. He knows the business inside out. He has led our businesses in the UK and internationally and built strong teams across life insurance and general insurance. Maurice knows our strengths, knows where we need to improve and has a deep understanding of insurance and customers’ needs,» said Adrian Montague, Aviva’s chairman, in a media statement.
A Wave of Changes?
Observers say that Tulloch’s appointment could signal a wave of changes at the top of the group. News have reported that Andy Briggs, the head of Aviva’s UK business, was also interested in the job. Tulloch could face a range of challenges, including shoring up investor confidence and paying down debt.
Analysts have suggested that the insurer could be broken up, either by selling off the UK back book of life insurance business or by selling some of its international business.
