Aviva: 800 jobs under threat

Hundreds of jobs at risk at Aviva

Norwich-based insurance giant Aviva has said that up to 800 jobs could go in the latest round of restructuring.

Live updates

New Aviva boss will continue revival plan

Mark Wilson who has just been appointed the new Chief Executive of Aviva said he will continue a company revival plan.

Mr Wilson said he intended to execute the strategy with "rigour and focus".

He added:

There is substantial work to do. I am looking forward to taking up this appointment and excited about the future prospects for Aviva.

– Mark Wilson

In July, Aviva unveiled a major sell-off plan after a review of 58 divisions had identified 16 weak performers that would be sold.

And last month the Norwich-based insurance group, which employs 18,500 people in the UK, warned that up to 800 jobs could be lost under the restructuring plan.

Aviva name new boss

Norwich-based Aviva appoint new Chief Executive
Norwich-based Aviva appoint new Chief Executive Credit: ITV Anglia

Norwich-based insurance giant Aviva has ended its search for a new chief executive today by recruiting the former boss of Asian insurer AIA.

Mark Wilson, who will take up the post on January 1, admitted there was "substantial work to do" at the company.

The board appointed the New Zealander after Andrew Moss was ousted from the top job following a shareholder rebellion over pay in May.

Advertisement

Insurance giant in profits dip

The insurance giant Aviva, based in Norwich, has warned of more challenging conditions ahead this year after profits dipped by ten per cent.

The group reported a net loss of £681m after tax which included a one-off write down on the value of its US business.

Aviva is pinning its hopes on restructuring to cut costs

Advertisement

Aviva profits up 6%

Norwich-based car insurer and pensions giant Aviva said 2011 profits were up 6% to £2.1 billion after it boosted its share of the UK market.

The group achieved record operating profits of £931 million in its UK life insurance division, with gains in its core markets of workplace savings, annuities and equity release products and protection.

Load more updates

Advertisement

Today's top stories