INTERNATIONAL - Aviva 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.
Tulloch, who will take over with immediate effect, is expected to sharpen Aviva’s focus on the home market and some analysts say he may decide to put some overseas units under review, including some of its Asian businesses.
Other possible changes include the sale of some of its portfolio of life insurance policies closed to new customers, they added.
Aviva, which traces its roots back to 1696, sells everything from life to car insurance, an unwieldy and expensive model which has failed to deliver the same results as more focused rivals like Prudential and Legal and General....
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