New insurance chief in Aviva revamp
Monday 30th September 2013, 12:31AM BST.
Aviva has ditched the head of its UK and Ireland general insurance business just a year after his appointment in the latest stage of its management revamp under chief executive Mark Wilson.
Robin Spencer was appointed a year ago but he has now been replaced by Maurice Tulloch, who currently heads Aviva in Canada – after Mr Wilson said he wanted to have “the right people in the right jobs”.
Mr Wilson took over as head of the Aviva group in January after the departure of previous boss Andrew Moss in the wake of a humiliating shareholder revolt over pay last year.
Mr Spencer, chief executive of Aviva’s UK and Ireland general insurance business, will now leave by the end of the month after 18 years with the company.
Last month, Aviva unveiled operating profits up 5% to £1 billion for the six months to the end of June, with new business up 17% to £401 million, in a performance described as “satisfactory” by Mr Wilson.
General insurance in the UK saw earnings rise 5% to £239 million, helped by lower weather-related claims. But a source said Mr Wilson wanted to take the company “to the next level”.
Announcing today’s change, he said: “One of my priorities since becoming CEO has been to strengthen Aviva’s management team and ensure we have the right people in the right jobs.
“Maurice Tulloch is a first class executive who will bring a wealth of knowledge, expertise and energy to his new role in the UK and Ireland general insurance business.
“Maurice has an impeccable track record – Aviva’s Canadian operating profits have grown by 63% under his leadership. He is the best leader to take the UK business to the next stage of its development.
“Robin has done a fine job for the group, most recently leading the UK & Ireland GI business through the transformation and expense savings programme.
“I would like to thank Robin for his considerable contribution to Aviva and he leaves the group with our best wishes for his future endeavours.”
It is the latest in a series of management changes this year following the appointment of a raft of executives to key positions in the group.