Aviva have appointed Maurice Tulloch as its new chief executive, following the shock departure of its previous CEO, Mark Wilson, last year.
Tulloch (pictured) has worked for Aviva since 1992, most recently as chief executive of its international insurance division. In this role he oversaw Aviva’s life and general insurance operations in France, Canada, Ireland, Italy, Poland and India.
He has also previously headed up the UK’s general insurance division.
The previous incumbent Mark Wilson stepped down from the role with immediate effect in October 2019. Since then the chairman of the company Sir Adrian Montague has been acting in an executive capacity, and overseeing the appointment of a new CEO.
Montague confirmed that Aviva has interviewed both internal and external candidates for the role.
Tulloch’s appointment is effective from March 4.
Montague says: “[Tulloch] has led our businesses in the UK and internationally and built strong teams across life and general insurance. He nows our strength and knows where we need to improve. He is exceptionally well qualified to re-energinse Aviva and deliver long-term growth.”
Tulloch adds: “There is a clear opportunity to realise Aviva’s significant but untapped potential. Aviva is financially strong, we have a well-known brand and excellent business. But there is more to do to improve returns for shareholders.”
He says this will include focusing on “the fundamentals of insurance” and helping them save for the future.
During Wilson’s role as CEO Aviva streamlined from 28 markets to 14, and grew its operating profits. However, However the company faced criticism after a decision by Aviva to cancel its preference shares. This decision was later overturned after a backlash from shareholders