British insurer Aviva said on Wednesday that Andy Briggs, head of its UK insuran...
FILE PHOTO: A man walks past an AVIVA logo outside the company's head office in the city of London March 5, 2009. British life insurer Aviva on Thursday said it was maintaining its dividend, soothing concerns the payout could be cut to conserve capital, and reported annual profits that broadly met forecasts. REUTERS/Stephen Hird
Briggs will remain with the insurer until Oct. 23 to support an orderly transition, Aviva said in a statement. The company said 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.
Aviva also said Tulloch would lead a review of the UK businesses to ensure “the appropriate management structure” going forward.
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