UK insurer Aviva has promoted Maurice Tulloch to the role of Chief Executive Officer, four months after revealing the departure of Mark Wilson from the position.
Tulloch has served as the firm’s International CEO since 2017 and will take the reigns from Sir Adrian Montague, who had been acting in an executive capacity and will now revert back to his role as non-executive Chairman.
“Maurice will be an outstanding Chief Executive of Aviva,” said Montague. “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.”
Tulloch joined Aviva in 1992 and has served on its Board since 2017.
“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.”
Commenting on his appointment, 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.”