About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Sunday, May 26th, 11:56AM
Latest Headlines

Wilson's surprise departure from top job

New Zealand Mark Wilson has been ousted from his role as chief executive of British insurer Aviva.

Friday, October 12th 2018, 6:00AM

The former National Mutual and Axa boss was appointed to the multi-million-pound position in 2013.

But the insurer issued a statement this week saying that he and the board had decided it was time for him to move on.

There were rumours of a "boardroom coup" over frustrations that his restructure of the insurer had not happened quickly enough.

Aviva said Wilson would remain with it until 2019 to assist with the transition to new leadership.

"Mark was brought in to deliver the turnaround of Aviva. The board and Mark believe that given the turnaround has been successfully completed, it is time for new leadership to take the group to the next phase of its development," Aviva said in a statement.

"The search for a successor will commence immediately, with internal and external candidates being considered. The process is expected to be completed within the next four months."

Non-executive chairman Adrian Montague will take over in the meantime.

Wilson oversaw Aviva shifting from 28 markets to 14, growing its operating profit and strengthening its balance sheet.

"When I joined Aviva, the company was in poor health. Aviva is very different today," Wilson said.

"I have achieved what I wanted to achieve and now it’s time for me to move on to new things. It has been an honour to lead Aviva through this period of immense change.  I am happy I leave the company in a strong position from which it can thrive. I would like to thank all those within and outside Aviva who have supported the successful turnaround and I wish everyone in Aviva the very best for the future.”

Tags: Mark Wilson

« Fraud pushes up policies' premiumsLittle progress made on under-insurance, survey shows »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment



Printable version  


Email to a friend
Insurance Briefs

Fidelity Life team up for award
Fidelity Life chief technology Officer Dan Wilkinson and his team have been named as a finalist in the Best ICT Team Culture category at the 2019 New Zealand CIO Awards.

Cigna to support kids' mental health
Cigna New Zealand and Life Education have partnered to develop Small Changes Whānau Challenge, a new take-home resource that will support classroom learning about kids’ mental health and wellbeing.

AIA and Sovereign close online product
Sovereign's guaranteed acceptance insurance product Simple Life is being closed to new business.  

Cigna expands into South Island
Cigna has officially opened its new office in Christchurch, the organisation’s first move into the South Island.

News Bites
Latest Comments
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News
Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
Site by Web Developer and eyelovedesign.com