Aviva has appointed Maurice Tulloch as its new chief executive officer.
Chairman Sir Adrian Montague has been acting in an executive capacity pending the appointment of the new chief executive officer. He will revert to his non-executive role.
Tulloch joined the insurer in 1992 and was appointed to the board in June 2017. He was most recently chief executive officer of international insurance and was responsible for life and general insurance operations in France, Canada, Ireland, Italy, Poland, Turkey and India.
He was previously chief executive officer of UK and Ireland general insurance, one of the largest businesses in the group.
Montague said of Tulloch’s appointment: “Maurice 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. He is exceptionally well qualified to re-energise Aviva and deliver long-term growth.”
“The board has run a thorough and highly competitive process and we have interviewed external candidates alongside highly experienced and respected internal candidates. This process led to a unanimous conclusion and a great result for Aviva.”
Tulloch said: “I am honoured to lead Aviva, a business I’ve been part of for 26 years. 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 for 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. With the care and professionalism of our dedicated people, I know Aviva will thrive.”