Aviva names company veteran as CEO
Aviva, Britain’s second biggest insurer, has appointed Maurice Tulloch as its new chief executive officer with immediate effect.
Company Chairman Adrian Montague, who had temporarily stepped in as CEO following Mark Wilson’s ouster last October, will revert to his role as non-executive chairman.
Tulloch joined Aviva in 1992 and was heading Aviva’s international insurance business with responsibility for Aviva’s life insurance and general insurance operations in France, Canada, Ireland, Italy, Poland, Turkey and India.
His promotion to the top job was a unanimous decision by the board on Sunday night, a spokesman said. Tulloch was previously CEO of Aviva UK and Ireland General Insurance, one of the largest businesses in the Aviva group.
He was appointed to the board in June 2017 and was part of the leadership team which helped Montague run the company while the executive search was underway.
“I am honoured to lead Aviva, a firm I’ve been part of for 26 years,” he said. “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 businesses. But there is more to do to improve returns to shareholders.
“We must focus on the fundamentals of insurance and giving our customers the best possible experience – being there when they need us, protecting what’s important to them and helping them save for the future.”