Aviva %, the U.ok.’s 2nd-biggest insurer by market value,
said leader monetary Officer Pat Regan resigned to take up a comparable process
at Australia’s
QBE coverage organization Ltd.
Regan, who joined Aviva as CFO in February 2010 and sits at
the board, departs in June, the London-primarily based company said in a
announcement nowadays. Aviva has already started out attempting to find a
alternative.
Aviva is selling belongings and cutting expenses to assist
rebuild capital depleted by using the economic disaster. CEO Mark Wilson, who
marked his one-12 months anniversary with the insurer this month, has changed a
few senior managers and is targeting high-increase markets which include South
East Asia.
Regan succeeds Neil Drabsch at QBE, the Sydney-based
enterprise said in a announcement.
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