Aviva Plc on Monday appointed internal candidate Maurice Tulloch as its new chie...
LONDON - Aviva Plc on Monday appointed internal candidate Maurice Tulloch as its new chief executive officer after a lengthy selection process, a choice which analysts say could herald change at Britain’s second biggest insurer.
Other possible changes include the sale of some of its portfolio of life insurance policies closed to new customers, they added. Most recently based in Canada, where he headed Aviva’s international business, Tulloch was seen as one of the front runners for the post along with fellow internal candidate Andy Briggs, head of the firm’s UK business, its biggest revenue earner.
Possible external candidates included former Old Mutual CEO Bruce Hemphill and ex-Lloyd’s of London CEO Inga Beale, Reuters reported last month. However, one Aviva shareholder said the choice of an internal candidate was unlikely to signal “a radical plan - with more upheaval”.
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