Aviva PLC (LON:AV.) has said the head of its UK insurance business, Andy Briggs is leaving the company, just weeks after missing out on the top job at the blue-chip insurer.
The FTSE 100-listed group said Briggs – who joined Aviva in April 2015 to lead its enlarged UK Life business following the takeover of Friends Life where he served as group chief executive - will remain with the insurer until October 23 to support an orderly transition.
The company pointed out that Briggs would be granted 'good leaver' status and therefore be eligible both for a pro-rated bonus in respect of the 2019 financial year and to retain awards applicable under its Long-Term Incentive Plan, due to vest in March 2020, March 2021 and March 2022.
It said Angela Darlington, currently Aviva's group chief risk officer, will become interim chief executive of UK Insurance, subject to regulatory approval.
Aviva also said its newly installed chief executive, Maurice Tulloch will lead a review of the group’s UK businesses to ensure "the appropriate management structure" going forward.
Separately, the insurer said it would broaden its senior leadership team with the appointment of Colm Holmes, CEO of Aviva Canada and Global Corporate & Speciality, and Patrick Dixneuf, who becomes CEO of Aviva's European businesses.
As a result of the changes, Aviva said it will not seek to appoint a new CEO International, the role vacated by Tulloch before he became group CEO.
Tulloch commented: "These appointments are an important first step to bring greater energy, pace and commercial thinking to Aviva.”
In morning trading, Aviva shares were 0.7% lower at 422.80p.