As part of what Aviva (London) describes as an ongoing transformation driven by Mark Hodges and Igal Mayer, the company will bring its U.K. life and general insurance businesses together under a single U.K. CEO, a position that Hodges will hold. A company press release says that Igal Mayer will become CEO for North America following the retirement of Tom Godlasky. Aviva also announced the appointment of Robin Spencer as chief risk officer and member of Aviva's executive committee.
The Aviva source says that over the past two years its U.K. life and general business have been reshaped under the leadership of Hodges and Mayer. As this phase of the transformation nears completion, significant improvements in customer service have been delivered, profitability has increased and businesses are on track to deliver cost savings of £450 million by 2010, the source claims.
The appointment of Hodges as the single U.K. CEO at this moment will enable the company to serve its customers more effectively across its life and general insurance businesses, create further scale benefits and underpin future growth, the Aviva source asserts. Hodges is currently CEO, U.K. Life, and a main board director of Aviva plc. He was formerly managing director of Aviva's U.K. general insurance business and also spent seven years as its CFO.